Based on various reputable sources, here are three stocks with strong yearly chart performances that Ai deems are the best today:
1) Cadence Design Systems, Inc. (CDNS):
248.30 USD +1.74 (0.71%) today
1. Sector: Technology, specifically electronic design automation software for semiconductor companies.
2. Performance: Over the last five years, the stock has beaten the annual return of the S&P 500 by an average of 29.5 percentage points per year. The company has also witnessed robust earnings growth, and analysts expect an average annual earnings growth of 17.5% over the next several years1.
2) Synopsys, Inc. (SNPS):
487.22 USD +1.48 (0.31%) today
1. Sector: Technology, similar to Cadence, Synopsys provides software for semiconductor companies to automate the design of their microchips.
2. Performance: Over the last five years, the stock has outperformed the S&P 500 by an average of 26.9 percentage points per year. Analysts expect 13.8% EPS growth next year, with an average annual earnings growth of 17% over the next several years1.
3) Arch Capital Group Ltd. (ACGL):
84.60 USD +35.88 (73.64%) past year
1.Sector: Finance, specifically insurance and reinsurance.
2. Performance: Over the last five years, the stock has outperformed the S&P 500 by an average of 12.6 percentage points per year. Although the article didn't provide additional financial details for Arch Capital, its long-term performance against the S&P 500 suggests a strong financial position1.
These stocks have shown solid long-term performances and are listed among the best long-term stocks for 2023 according to Forbes. It's advisable to do further research or consult with a financial advisor before making any investment decisions.
Disclaimer: This content is made for entertainment purposes only. This is not financial advice.
