The tech and growth stock investment world is abuzz with three promising picks from top MoneyShow contributors. Mark Skousen of Forecasts & Strategies recommends the Technology Select Sector SPDR ETF (XLK), which has seen substantial gains in 2024. XLK is heavily invested in Apple Inc. (AAPL), which recently announced a record stock buyback plan and increased dividends. Stagflation seems to be beneficial for portfolios, with Skousen having a dozen profitable stocks and funds in his portfolio.
Michael Cintolo of Cabot Top Ten Trader is bullish on On Holding AG (ONON), a Swiss footwear company that is gaining popularity in the running community. With innovative technology and high-quality products, On Holding has the potential to become a major player in the athletic footwear market. The company is expanding into apparel and accessories, with strong growth projections for the future. Despite currency fluctuations affecting Q1 numbers, On Holding is expected to see significant sales growth in 2024.
Michael Murphy of New World Investor is recommending QuickLogic Corp. (QUIK), which reported a 45.5% increase in revenues and strong pro forma earnings growth. The company is expecting continued revenue growth in 2024, driven by new product offerings and contracts in the Artificial Intelligence (AI) acceleration market. With a focus on eFPGA technology, QuickLogic is well-positioned to capitalize on the growing demand for AI solutions.
Pete Najarian of Market Rebellion discusses a wide range of topics in a MoneyMasters Podcast episode, including the economy, Federal Reserve policy, and investment opportunities in various sectors. Najarian emphasizes the importance of maintaining discipline and having a plan in options trading. He also shares his insights on corporate earnings, the technology sector, and ways to capitalize on the AI boom outside of traditional tech giants.
Overall, the investment landscape is full of opportunities for investors looking to capitalize on the latest trends and market developments. From technology ETFs to innovative footwear companies and AI technology providers, there are plenty of options for those looking to diversify their portfolios and stay ahead of the curve. With expert recommendations and analysis, investors can make informed decisions to achieve their financial goals in the ever-changing market environment.
