It was a big rebound year for stocks. The S & P 500 gained 24%, while the Dow rose 14% and the tech-heavy Nasdaq rose more than 43%. All three major averages were coming off big losses in 2022. Our portfolio of 33 stocks also bounced back. Throughout the year, we held onto our conviction and tuned out unwarranted noise and speculation. For example, our “own it, don’t trade it” thesis on Apple shares served us well despite a $200 billion two-day sell-off back in September on reports of a potential iPhone ban in China. The stock is up 55% for the year. And while the Magnificent Seven ( Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia , Tesla ) led this year’s rally — we own all except Tesla — the Club also looked to put cash to work in other areas of the market. We added names like Broadcom , Eaton and DuPont to the portfolio. We also exited some positions, including Oracle, Emerson Electric and Johnson & Johnson . From the last trading session of 2022 to Thursday’s close, these were the five top-performing holdings in the portfolio. Each name notched a return in the triple digits, and all look promising heading into 2024. 1. Nvidia Not surprisingly, perhaps, Nvidia comes in at No. 1, rising 238.9% since the start of 2023. It is also the best performer in the S & P 500 index. The chipmaker was a major beneficiary of the generative AI frenzy this year, which lifted many tech stocks. Still, Jim Cramer thinks Nvidia is too cheap despite its monster gains, adding that the company “could have years of hyper growth ahead of it.” Consider: Nvidia shares currently trade at around 25 times forward earnings, far less than the 34 times at the end of 2022 — a reflection of an overly pessimistic outlook for the leading AI chipmaker. But we see more upside. “I think the stock is mispriced,” Jim said recently. “I continue to want to own Nvidia, not trade it.” NVDA YTD mountain Nvidia (NVDA) year-to-date performance 2. Meta Platforms Meta Platforms jumped…
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