Stocks Surge on Fed Optimism and Top Picks for 2024
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Stocks are soaring as the Fed signals it may ease up on rate hikes in 2024, leading to optimism about the economy.
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Morningstar analysts picked 136 top stocks across 9 sectors that have strong economic moats and growth potential.
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The stocks span defensive sectors like consumer staples and healthcare as well as tech and industrial stocks.
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Apple, Microsoft, Berkshire Hathaway, Johnson & Johnson, and Walmart are among the top picks.
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It will still be a volatile market in 2024, making stock selection critical to outperform the broader indexes.