Our best Wall Street picks for 2024

Article Excerpt

Here are our top U.S. stock picks for 2024—one each from our Conservative, Aggressive and Income portfolios. All three are in a strong position to fuel your returns, not only in 2024 but–more importantly–for many years to come. Moreover, their position as market leaders will help limit any losses if the economy slows. MCDONALD’S CORP. $300 is your #1 Conservative Buy for 2024. The company (New York symbol MCD; Conservative Growth Portfolio, Consumer sector, Shares outstanding: 725.3 million; Market cap: $217.6 billion; Price-to-sales ratio: 8.8; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.mcdonalds.com) is the world’s largest fast-food chain with over 40,000 restaurants in 119 countries. It serves a wide variety of foods, but is best known for its hamburgers and french fries. This is the third year in a row that we’ve made McDonald’s our top Conservative buy. In that time since we first picked it in January 2022, the stock has gained 17% compared to the 10% gain for the S&P 500. We feel McDonald’s…