| This is a summary of an article from the February/March 2024 issue of Fortune. |
The Appeal of Steady Stocks in 2024
In a market dominated by the roller coaster of tech stocks, investors are seeking stability and consistent returns. Explore our top five picks for 2024, focusing on stocks with a proven track record of double-digit returns over the past decade.
1. CME Group (CME): Riding the Wave of Derivatives Market Growth
Discover the unique position of CME Group, the world’s largest derivatives exchange operator. With a 10-year annualized price rise of 12.6%, delve into the factors driving CME’s success, from its profitability to its strategic expansion beyond traditional futures.
2. Nike (NKE): Navigating Challenges and Embarking on a Turnaround
Despite recent setbacks, Nike remains a powerhouse with an 11% 10-year annualized price rise. Uncover the company’s plans for cost cuts, technology integration, and a focus on direct-to-consumer sales. Explore why Nike, the world’s most valuable brand, is poised for a compelling turnaround.
3. Visa (V): The Unassailable Leader in Electronic Payments
Dive into the resilient world of Visa, boasting a 19.4% 10-year annualized price rise. With a wide moat and dominant market share, explore why Visa’s credit card empire continues to thrive. Discover its shareholder-friendly practices, strong profit margins, and the potential for sustained growth.
4. NextEra Energy (NEE): Leading the Charge in Renewable Power
As the largest renewable-power generator in the U.S., NextEra Energy stands out with a 13.4% 10-year annualized price rise. Uncover how this utility company defies industry norms, capitalizing on the increasing demand for clean energy. Explore its strong balance sheet, dividends, and strategic positioning in the evolving energy landscape.
5. Sherwin-Williams (SHW): Painting a Bright Future in the Housing Boom
Anticipate a housing boom and its impact on Sherwin-Williams, the world’s largest paint and coatings producer, with a 17.7% 10-year annualized price rise. Explore Sherwin-Williams’ strategic focus on professional painters, expansion plans, and its role in the housing market’s growth.
Conclusion: Overlooking Tech for Steady Favourites in 2024
Conclude with a reflection on the potential of these steady stocks overshadowing the allure of tech stocks in the current market landscape. Investors may find stability and strong returns in these well-established and resilient companies.