Fast Money Blog- 10/24/24

It was another volatile week on Wall Street as institutional and retail investors await next week’s earnings reports from major Dow and S&P components like Microsoft, Inc. (MSFT), Visa, Inc. (V), Apple, Inc. (AAPL) and Advanced Micro Devices, Inc. (AMD).

In other news, I’d like to take a moment to point out that while everyone seems to be preoccupied with AI stocks, these companies have been rising steadily with little to no fan-fare.  Take a look at their 3 month open and close stock prices and you might be surprised.

Costco Wholesale Corporation (COST)

3 months ago COST stock opened at $844 and closed on Friday at $890

The Home Depot, Inc. (HD)

3 months ago HD stock opened at $358 and closed on Friday at $398

Visa, Inc. (V)

3 months ago V stock opened at $256 and closed on Friday at $281

The Travelers Companies, Inc. (TRV)

3 months ago TRV stock opened at $209 and closed on Friday at $250

These are significant moves in multi-national companies, thus proving if you are a smart and patient investor, you will earn millions at some point in the future. For sure!

Be a smart Wealthy Investor and build a diversified portfolio; don’t just chase AI stocks.

Stay positive, stay smart and stay patient!

Tyrone Jackson, The Wealthy Investor