I used NexusTrade to Identify Fundamentally Strong AI Stocks. They are DEMOLISHING the Market
🤔 How can we harness the power of AI to identify fundamentally strong stocks that outperform the market?
I'm thrilled to share the results of my journey with NexusTrade's AI-powered trading platform, where I identified five AI stocks that are absolutely demolishing the market. 🚀
When I initially selected these stocks—NVIDIA, Microsoft, Broadcom, Salesforce, and Meta—I had full confidence in their potential. My conviction wasn't misplaced. Since February, these stocks have seen incredible gains, with the portfolio beating the S&P 500 by a significant margin.
Here are the key takeaways:
The July 10, 2024 full article reports an equal-weight backtest of NVDA, MSFT, AVGO, CRM and META: 20% each. It starts with the February 19, 2024 selection article and reports 27.4% versus 11.7% for the S&P 500 over about five months. Maximum drawdown was more than twice the baseline’s. These are historical simulated results, separate from my personal holdings.
For those looking to replicate this success, here's a simple guide:
The original screen sought AI or semiconductor businesses with improving annual gross margin, gross margin at least 60%, and Q3 2023 revenue above $5 billion. Inspect the February 19 selection and company checks, then open the linked historical library example. Check reporting periods and returned rows before choosing your own dated experiment.
This one historical basket returned more than SPY over the reported window, with much deeper drawdowns. It illustrates a screening and comparison process; it does not show that AI-selected stocks will reliably outperform.
Learn more about these insights and how to harness the power of AI for your trading strategies 👈Enjoy this? ♻️ Share this article with a friend that needs help beating the market
Follow me: LinkedIn | X (Twitter) | TikTok | Instagram | Newsletter
Go to NexusTrade
No comments yet.