Renowned investment manager shares his personal stock picks for the year 2024 in various industry sectors. The manager is bearish on real estate and utilities due to ongoing challenges. In the communications sector, he holds Alphabet Inc. due to its ownership of Google and other innovative technology companies. In consumer discretionary, he owns Meritage Homes Inc. and believes there is a gap in supply and demand for single-family homes.
Moving on to consumer staples, the manager holds Cal-Maine Foods Inc. and Costco Wholesale Corp. Both companies have strong performances and financial strengths. In the energy sector, he owns Diamondback Energy Inc. and Total Energies SE, with a sentimental attachment to the sector. Financially, he owns Berkshire Hathaway Inc. and International Money Express Inc. reflecting a diversification strategy across large and small companies.
In the industrials sector, the manager has seven holdings including General Dynamics Corp. and Sterling infrastructure Inc. which have shown promising performances. The manager owns a little gold through SPDR Gold Shares ETF due to international tensions. In the technology sector, the manager holds six stocks including Apple Inc. and Taiwan Semiconductor Manufacturing Co.
A correction is made for a stock picking contest from the previous year, recognizing Richard La Chapelle’s impressive stock picks with Nvidia Corp., Palantir Technologies Inc., and Microsoft Corp. The manager’s wife, who is also a portfolio manager, owns Nvidia and Microsoft personally and for her clients. The article ends with a disclosure that the investment manager owns all the stocks discussed personally and for most of his clients.
