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ProPicks: Which equity strategy pulverizes the S&P 500? May 1, 2024
 

On Monday, trading on the US stock exchanges was rather reconciliatory, as the Dow Jones Industrial Average (+0.38%), Nasdaq 100 (+0.36%), and S&P 500 (+0.31%) all recorded gains. However, the DAX lagged behind with -0.16%. Those who opted for the right stock strategy, on the other hand, were able to outperform the market.

The InvestingPro ProPicks strategies all performed better than the S&P 500 on Monday:

  • Value Vault: +1.50%
  • S&P500 Samurai: +1.06%
  • Dow Detectives: +0.77%
  • Tech Stars: +0.39%
  • The Best of Buffett: +0.38%
  • Mid Cap Marvels: +0.35%

The 20 stocks in the Value Vault strategy all gained except for Gap Inc (NYSE:GPS) and Cognizant Technology Solutions (NASDAQ:CTSH).

Vistra Energy (NYSE:VST) rose by 7.24% to $77.97. Morgan Stanley rated the stock as "Overweight" with a target price of $86 on April 23. On April 17, analysts' target price was $83, and on March 26, it was $78. Since being included in the Value Vault strategy in March, the energy specialist from Irving, Texas, has risen by 43.32%.

Tenet Healthcare (NYSE:THC) recorded a gain of 3.14% on Monday, with the closing price at $99.15. Tuesday morning saw the stock rise by more than 10% after quarterly earnings showed EPS at $3.22, $1.77 above the analyst estimate of $1.45. Deutsche Bank issued a buy recommendation with a target price of $126 on April 12, and Truth Securities followed on April 15 with a target price of $120. The ProPicks AI had already determined on April 1 that Tenet had the potential to outperform the market. Yesterday's monthly performance was disappointing at -5.01%, but this should be offset by today's increase.



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