It’s no exaggeration to call 2024 a barnburner for investors. The S&P 500 posted its second straight +20% annual advance. The last time that happened was 1997-1998, so it’s clearly a pretty rare event…
Yes, Artificial Intelligence remained the driving force for the market rally. Most years, Nvidia’s 210% gain for 2024 would be more than enough to make it the best-performing stock on the S&P 500.
But the 2024 honor goes to nuclear power company Vistra (NYSE: VST). Vistra’s blistering rally took it from $38 a share to $161 – a dominating 323% gain.
Of course, AI was behind Vistra’s historic run. Because nuclear has emerged as a top choice to deliver AI’s long-term power needs.
If you ask one of the AI chatbots like Microsoft Copilot a question, the process consumes 10 times as much electricity as a simple Google search. And nuclear power is a clean and efficient answer for Big Tech companies.
But of course, if you’ve been reading Outsider Club this year, you knew that.
Hammer and I have been telling you that nuclear stocks were going to launch since April.
Some Outsider Club readers bought Vistra when we specifically recommended at $79 a share…
Maybe you got one of our other favorite nuclear stocks – NuScale Power at $5.70, before it hit recent highs above $33…
Or Oklo at $8, before it ran 250% to a high of $28.
Then there’s AST Spacemobile. It’s not an AI stock. But it is a primary competitor to Elon Musk’s Starlink. And it was featured here at Outsider Club at $8 a share – just before a moonshot to $38.
The point is – Outsider Club has been all over some of the best-performing stocks in 2024. That’s not an accident. Your editors Brit Ryle and Christian “Hammer “ DeHaemer are good at what we do…and we’ve only been the managing editors here at Outsider Club since March!
Today is also a milestone for us – we launched Christian DeHaemer’s American Stock Investor, our premium investment advisory service.
Don’t worry, that doesn’t mean we’re going to skimping on Outsider Club. You’ll still be getting the same great stock market and economic insights that you’re accustomed to. And yes, we’ll still be offering up explosive stock picks. But for those of you that want more stocks and in depth analysis from Hammer, you can have it.
Cheers,
Briton Ryle
Chief Investment Strategist
Outsider Club
X/Twitter: https://twitter.com/BritonRyle
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