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Zacks Value Trader Highlights: Costco Wholesale, CAVA, Eli Lilly, Toll Brothers and Constellation Energy
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For Immediate Release
Chicago, IL – October 14, 2024 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2349475/stocks-beating-the-sp-500-in-2024-excluding-nvidia)
Stocks Beating the S&P 500 in 2024 (Excluding NVIDIA)
Welcome to Episode #385 of the Value Investor Podcast.
(0:20) - Finding Stocks With Growth That Are Beating The S&P 500
(4:15) - Top Stock Picks To Keep On Your Watchlist
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life.
This week, Tracey is going solo to discuss if it is "easy" to beat the S&P 500. Warren Buffett has infamously said that after he is gone, he wishes for his wife's investments to be put in simple indexes, like the S&P 500.
While HE may be able to "beat" the returns of the S&P 500, other mere investing mortals may not be so lucky.
How "Easy" is it to Beat the S&P 500 in 2024?
But in 2024, it seems like there have been a lot of hot stocks. After all, thanks to the AI Revolution, NVIDIA has soared 174% year-to-date. That is easily outperforming even the red-hot S&P 500, which is up 23.2% year-to-date.
Leaving aside NVIDIA, how easy is it to beat the S&P 500 return by owning individual stocks?
You might think you can just buy the other Mag 7's and easily do it. But Microsoft, for example, is up just 13% year-to-date. Even Alphabet is not beating the S&P 500. It's up 19.4%.
If even some of the Mag 7's aren't beating it, what is?
Tracey picked some random stocks that she knew were red hot to find out.
5 Hot Stocks: Are They Beating the S&P 500 in 2024?
Costco has been a retail favorite and an investor favorite for years. Shares continue to outperform, adding another 36.2% in 2024. That is easily beating the S&P 500, which is up 23.2%.
But investors won't get Costco on the cheap. It trades with a forward P/E of 49.
Should you make a bet on Costco continuing to rally in 2024?
CAVA Group operates fast casual restaurants with Mediterranean food. It is often called the "Chipotle" of Mediterranean food. CAVA Group went public in June of 2023, so it is a relatively new publicly-traded company.
Shares of CAVA Group have exploded higher in 2024, hitting new all-time highs. It is up 216.5% year-to-date. That is outperforming even NVIDIA.
Earnings are expected to rise 104.7% this year and another 18.9% next year.
Eli Lilly is one of the drug companies with weight loss drugs. Shares of Eli Lilly have been soaring, adding another 47.2% this year.
Earnings are soaring too. Analysts expect Eli Lilly's 2024 earnings to jump 160.9% and another 45.4% in 2025. Shares of Eli Lilly are trading at "just" 55x forward earnings.
Toll Brothers is the largest publicly traded luxury homebuilder in America. With the Federal Reserve now cutting interest rates, many believe mortgage rates will soon follow. That's going to be a plus for homebuilder earnings as many were offering rate buydown programs.
Shares of Toll Brothers are up 49.4% this year and are hitting new highs. Analysts are bullish on the earnings, with earnings expected to rise another 17.5% in fiscal 2024. Toll Brothers is still cheap, with a forward P/E of 10.4.
Constellation Energy provides power and energy to more than 20 million homes and businesses in the United States. It operates the nation's largest carbon-free nuclear fleet. This makes Constellation Energy a player in the alternative energy space.
Shares of Constellation Energy are up 125.7% year-to-date. But earnings are on the rise too. Analysts expect Constellation Energy's earnings to jump 58.7% this year. It trades with a forward P/E of 33.
If you are interested in nuclear energy, should Constellation Energy be on your watch list?
What else do you need to know about stocks beating the S&P 500 this year?
Tune into this week's video podcast to find out.
[In full disclosure, Tracey owns shares of TOL in her personal portfolio and in Zacks Value Investor portfolio.]
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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Zacks Value Trader Highlights: Costco Wholesale, CAVA, Eli Lilly, Toll Brothers and Constellation Energy
For Immediate Release
Chicago, IL – October 14, 2024 – Zacks Value Trader is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2349475/stocks-beating-the-sp-500-in-2024-excluding-nvidia)
Stocks Beating the S&P 500 in 2024 (Excluding NVIDIA)
Welcome to Episode #385 of the Value Investor Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds, and ETFs and how it impacts your life.
This week, Tracey is going solo to discuss if it is "easy" to beat the S&P 500. Warren Buffett has infamously said that after he is gone, he wishes for his wife's investments to be put in simple indexes, like the S&P 500.
While HE may be able to "beat" the returns of the S&P 500, other mere investing mortals may not be so lucky.
How "Easy" is it to Beat the S&P 500 in 2024?
But in 2024, it seems like there have been a lot of hot stocks. After all, thanks to the AI Revolution, NVIDIA has soared 174% year-to-date. That is easily outperforming even the red-hot S&P 500, which is up 23.2% year-to-date.
Leaving aside NVIDIA, how easy is it to beat the S&P 500 return by owning individual stocks?
You might think you can just buy the other Mag 7's and easily do it. But Microsoft, for example, is up just 13% year-to-date. Even Alphabet is not beating the S&P 500. It's up 19.4%.
If even some of the Mag 7's aren't beating it, what is?
Tracey picked some random stocks that she knew were red hot to find out.
5 Hot Stocks: Are They Beating the S&P 500 in 2024?
1. Costco Wholesale Corp. (COST - Free Report)
Costco has been a retail favorite and an investor favorite for years. Shares continue to outperform, adding another 36.2% in 2024. That is easily beating the S&P 500, which is up 23.2%.
But investors won't get Costco on the cheap. It trades with a forward P/E of 49.
Should you make a bet on Costco continuing to rally in 2024?
2. CAVA Group, Inc. (CAVA - Free Report)
CAVA Group operates fast casual restaurants with Mediterranean food. It is often called the "Chipotle" of Mediterranean food. CAVA Group went public in June of 2023, so it is a relatively new publicly-traded company.
Shares of CAVA Group have exploded higher in 2024, hitting new all-time highs. It is up 216.5% year-to-date. That is outperforming even NVIDIA.
Earnings are expected to rise 104.7% this year and another 18.9% next year.
Is CAVA Group too hot to handle?
3. Eli Lilly & Company (LLY - Free Report)
Eli Lilly is one of the drug companies with weight loss drugs. Shares of Eli Lilly have been soaring, adding another 47.2% this year.
Earnings are soaring too. Analysts expect Eli Lilly's 2024 earnings to jump 160.9% and another 45.4% in 2025. Shares of Eli Lilly are trading at "just" 55x forward earnings.
Is it too late to get on the Eli Lilly bandwagon?
4. Toll Brothers (TOL - Free Report)
Toll Brothers is the largest publicly traded luxury homebuilder in America. With the Federal Reserve now cutting interest rates, many believe mortgage rates will soon follow. That's going to be a plus for homebuilder earnings as many were offering rate buydown programs.
Shares of Toll Brothers are up 49.4% this year and are hitting new highs. Analysts are bullish on the earnings, with earnings expected to rise another 17.5% in fiscal 2024. Toll Brothers is still cheap, with a forward P/E of 10.4.
Should Toll Brothers be on your short list?
5. Constellation Energy Corp. (CEG - Free Report)
Constellation Energy provides power and energy to more than 20 million homes and businesses in the United States. It operates the nation's largest carbon-free nuclear fleet. This makes Constellation Energy a player in the alternative energy space.
Shares of Constellation Energy are up 125.7% year-to-date. But earnings are on the rise too. Analysts expect Constellation Energy's earnings to jump 58.7% this year. It trades with a forward P/E of 33.
If you are interested in nuclear energy, should Constellation Energy be on your watch list?
What else do you need to know about stocks beating the S&P 500 this year?
Tune into this week's video podcast to find out.
[In full disclosure, Tracey owns shares of TOL in her personal portfolio and in Zacks Value Investor portfolio.]
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
Tracey Ryniec is the Value Stock Strategist for Zacks.com. She is also the Editor of the Insider Trader and Value Investor services. You can follow her on twitter at @TraceyRyniec and she also hosts the Zacks Market Edge Podcast on iTunes.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.