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Picked by our AI, this stock is up 20% this month and looks poised to keep soaring

Published 20/02/2024, 12:56
Updated 20/02/2024, 12:56
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Investing.com — In today's ever-evolving financial landscape, the secret to outpacing the market isn't just participation; it's strategic selection. That's where our state-of-the-art AI stock-picking tool, ProPicks, comes in handy. By selecting companies with favorable growth potential and strong fundamentals, ProPicks provides its users with 70+ market-beating stock picks every month.

Take Allegro Microsystems (NASDAQ:ALGM), for example. Ever heard of it?

Well, if you were using ProPicks, you would not only have heard of it but would have profited of the 20% surge in its stock price since the beginning of the February - which is when our predictive AI-powered tool told users to buy it.

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The stock price boost was followed by Allegro MicroSystems’ Q3 results on Feb 1, with EPS of $0.32 coming in better than the consensus estimate of $0.29. The company’s revenue grew 2% to $255 million, driven by continued strength in Automotive, which grew 18% year-over-year.

If you're intrigued by the success story of Allegro MicroSystems and eager to discover more stocks with similar potential, ProPicks is your gateway to a treasure trove of opportunities.

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By joining ProPicks, you gain access to an exclusive list of 20 stocks within our Mid-Cap Movers strategy, each selected for their growth potential and robust fundamentals. Harnessing the power of cutting-edge AI technology, this strategy achieved an impressive gain of 40.3% in 2023, significantly outperforming the S&P 500's 24.2% and the Dow Jones's 13.7% increases.

Over the last decade, this strategy outperformed the market by a lofty 370.2%.

Mid-cap

But the allure of ProPicks doesn't stop at mid-cap stocks. Our platform offers a total of six distinct strategies, each ensuring you benefit from returns that consistently outpace the market.

So, what's holding you back? Join the elite circle of ProPicks users and start outperforming the market today. Remember, it's not just about the stocks you pick; it's about picking the right tool for the job. And with ProPicks, you're always one step ahead.

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