In this video we cover The Maestro's Top 10 Stocks for 2024!
Every Year at Trade Maestro we keep a close track on the same set of stocks, this year is no exception as we reveal our Top 10 Stocks for 2024!.
Our Maestro's Top 10 List is the centerpiece of every Sunday Night Profit Picks class, where we work through this list as well as a handful of other great possible trades for the week!
Be sure to watch this video and make your notes. Watch it in it's entirety because it also explains how we use the list 🙂 Here's to a great 2024!
OVERVIEW:
In this video we will discuss the following:
• How this list works
• Criteria for the list
• The List!
• A closer look at UPS (newcomer)
• A closer look at UPS (newcomer)
Resources Mentioned In This Video:
Transcript:
it's that time of year again when
everybody asks me the same question they
say Jeremy what stock should I buy so
we're going to answer that in this video
as we talk about the Maestro top 10 for
2024 let's
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go well hello hello everybody it's
Jeremy Wy from Trad mestro you can check
us out over at Trad monro.com hope
you're doing fantastic today and I'm
going to address that question that
everybody asks at some point they say
Jeremy which stock should I trade or
they say how do I find stocks to trade
or some variation of the exact same
question it's the number one question
I've got for years ever since people
found out that I was doing uh what I do
which is trading and teaching other
people how to trade they always always
ask that well what should I go buy right
now okay so I'm going to share with you
our Maestro top 10 for
2024 that means these are the 10 stocks
that we're going to look at every week
in our profit picks class um as we move
forward during this year okay so let me
share a little bit about how it works uh
first and foremost you need to know this
is our watch list of all the stocks that
we're going to watch every week we will
do more than this but this these 10 they
stay the same every week and every week
in our Sunday night profit picks class
we look at them and so this is the top
10 that means they we're going to be
intimate with them we will know them
inside and out in fact a lot of these
are the same as last year so we've been
trading them some of them we've been
trading for years and uh we just keep
trading the same stuff over and over
again which brings me to the next Point
here which is just because it's on the
list does not mean you need to rush out
and buy it because it may not be a
bullish trade yet okay what you need to
know is what we're looking for is
volatility we're looking for movement
because we trade both sides we trade the
bullish side and we trade the bearish
side so if you're looking at this and
you're thinking okay I just need to know
where I can buy and forget it well first
of all that's a terrible strategy I
don't care who's told you it was a great
idea it was terrible and whoever told
you that probably is terrible with their
trades too because it's terrible um
that's how I feel about it any questions
um no this whole idea of just going to
buy a stock and hold it and and you know
hope for the best it's a really really
bad strategy and a lot of people
actually the majority of people adhere
to that strategy and they do very very
poorly the most successful Traders know
when to get in and when to get out and
so that's why we watch the same trades
over and over so we can really time it
up and we know exactly when we should
get in and when we should get out so we
want exactly what I just described to
you trades that have a lot of volatility
we want stocks that we can do a lot of
trades on so we have frequent trade
setups on it a lot of these will have a
new trade setup every two weeks or in
some cases every week and uh we'll just
trade it and that's what we do so this
is our M show top 10 and uh there's some
good ones on here so I'm going to give
you the list right now get ready to take
yourself a picture and give you the list
and I will talk through it briefly so
are you ready three two one here it is
all right there's the list you got it
just kidding just kidding here you go
all right this is Myro top 10 for
2024 if you were around last year then
you probably remember a good chunk of
these because some of these are the same
and let's talk through them I will read
them to you we've got Apple from Apple
computer or apple link uh we got
caterpillar we got home Depo ticker
symbol HD we got Lulu that's been a
winner this year oh we got 3M mmm we got
Netflix Nvidia a newcomer this year is
Qualcomm that's
qcom and then we got Tesla and another
new one for this list this year is UPS
that's United Parcel Service so that is
going to be our our list for 2024 we're
rotating off Micron and we rotated off
when there's nothing wrong with either
of those companies I'm sure we'll still
end up trading them but they're just not
in our top 10 so that's that uh again
I've given you kind of the criteria we
needed stocks that are optionable we
want stocks that have a lot of momentum
to them um one way or the other and I'm
going to look briefly at Qualcomm and
UPS because these are the two newcomers
for this year we look at pretty much
every class um but ups and Qualcomm are
newbies so starting off with UPS here uh
what you're going to see is UPS actually
just recently gave us some goodby
signals but we're not following that
right now what we're looking at is we're
looking at the extremes of the range and
how much probability there is that this
thing is going to go big one way or the
other and if you just look back in the
last uh little bit going back to
2020 we had ups down here as low as $90
a share well we're currently at 180 so
excuse me I misread that we're at
160 so it would be almost a 50% cut if
UPS were to get really bearish and head
down to 90 now I'm not saying that's
going to happen I'm just saying that
there's an opportunity there okay so if
this trade goes down is there an
opportunity and the answer is yeah
there's a huge opportunity
okay now what about on the upside well
absolutely on the upside we have as
recently as the beginning of 2022 been
at $230 a share okay so 160 to 230 is a
huge
opportunity and am I saying this trade's
going up I'm not saying that what I'm
saying is there's a huge opportunity and
what this shows you in the way that we
pick our trades is it shows you the type
of Trades we're looking for we're
looking for trades we're looking for
stocks that we're going to trade
actively um in some cases they'll be a
week or two that we're in the trade
sometimes we'll be in the trade for 3
four five months at a time but we're
trading them with the main intermediate
swings and so what we're looking for is
we're looking for stocks that have a lot
of room for volatility and a lot of room
to move so uh UPS definitely fits that
bill um if you look at FedEx which is in
the same sector UPS you'll see how well
FedEx has done um since it's at or
pretty close to uh recent highs um
there's not as much upside opportunity
on it so I felt like UPS provides more
opportunity for the upcoming year uh
which is why I left this one off it
really didn't matter I just wanted to
get some variety into the list and um
UPS seemed like a really good one so
there's still FedEx has got a lot of
opportunity um what I love about the
transportation sector uh particularly
the delivery Transportation sector um
UPS
FedEx is the number of e-commerce
shipments that are coming out on a daily
basis is just insane and anybody's crazy
to think that that's going to get lower
it's not and so these companies have
just lots and lots of volume they're
perennial companies that have lots and
lots of activity coming through them so
FedEx UPS two very good companies there
the other one that we're adding to the
list this year is Qualcomm so let's take
a look at this uh this is a stock that
actually has been on our top 10 off and
on many times over the years
and uh let's resize this there we go I
actually just about a month ago kind of
briefly told everybody I was getting
ready to add this one to our list and
since then you can see we're already to
almost to one of our first Targets on
this so I added this uh publicly I
started talking about it in our profit
picks group on November
20 uh it would have been the Sunday
before that so the 26 is when I started
talking about that and here we are we're
already two-thirds of the way to our
first Target on the trade but this is
another one that just offers a lot of
ups and down opportunities and it's a
stock that just continues to move I
think the initial phase of 2024 there
going to be very bullish uh we've got
some ultimate targets up here around
190 um so we've got lots of upside and
then when we get there we'll see does
this turn into another Lulu Le man like
we had this year you know this year Lulu
just kept hitting highs and kept hitting
highs and kept hitting highs and kept
going so could Qualcomm be that guy uh
it could be uh or will it be more like
some of these others that that we trade
that hit their pivot Points and then
they turn down and we trade them to the
downside then they hit those those pivot
Points we turn up turn up and trade it
to the upside so it may be that I don't
know it doesn't matter the important
thing is we got a really great stock to
trade and it's on our top 10 all right
so there you go folks you've now got the
top 10 my top 10 for
2024 and uh you can uh just watch those
add them to your own watch list if you
want to know what I think about the rest
of 2024 uh depending on when you're
watching this coming up the day after
Christmas I'm expecting to release a
preview forecast for 2024 so that'll be
kind of a big big picture and I will
send that out if you're not on our
mailing list then please go over to
trader.com get yourself on the mailing
list and um watch for that so if you're
watching this after the fact then look
for that video it's probably out there
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thanks again for watching I hope this
has been fantastic for you uh like And
subscribe if you have not done so
already like And subscribe and until
next time I wish you the best happy
trading we'll talk to you
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soon
