Mystical Mare’s Moonlit Meanderings

I asked AI to pick ten stocks based on the notion that the US economy would continue to improve. AI also said: "Investing is like playing leapfrog with unicorns; diversification is your safety net, but remember, each leap is a gamble. And don't trust past leaps to predict the next; that's like expecting a cat to fetch just because it did so in a dream you had last Tuesday" And, then AI generated the above image. In 40 seconds.

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jaron summers (c) 2024

 

If a person is optimistic about the continued growth of the U.S. economy, they might consider investing in stocks that are well-positioned to benefit from such growth.

While I can’t predict future market movements or offer personalized investment advice, I can suggest a variety of sectors and representative companies that are commonly viewed as strong performers in a booming economy.

Here are ten stocks across different sectors:

1. **Technology Sector (e.g., Apple Inc. – AAPL)**: Technology companies, especially large ones like Apple, often lead in growth phases due to innovation and consumer demand for tech products and services.

2. **Consumer Discretionary (e.g., Amazon.com Inc. – AMZN)**: As the economy grows, consumer spending typically increases, benefiting companies like Amazon that sell a wide range of consumer goods.

3. **Financial Services (e.g., JPMorgan Chase & Co. – JPM)**: Financial institutions often thrive in a growing economy due to increased lending and investment activities.

4. **Healthcare (e.g., Johnson & Johnson – JNJ)**: Healthcare companies can be resilient with steady demand, and they often continue to grow as they innovate and expand their product lines.

5. **Industrial (e.g., Caterpillar Inc. – CAT)**: Industrial companies can benefit from increased construction and manufacturing activity in a growing economy.

6. **Energy (e.g., Exxon Mobil Corp. – XOM)**: Energy companies can see increased demand as economic activity ramps up, especially if it leads to more transportation and industrial activity.

7. **Consumer Staples (e.g., Procter & Gamble Co. – PG)**: Even in a booming economy, consumer staples remain essential, making companies like Procter & Gamble stable investment choices.

8. **Communication Services (e.g., Alphabet Inc. – GOOGL)**: Companies like Alphabet, the parent of Google, benefit from increased advertising and communication needs in a growing economy.

9. **Real Estate (e.g., Simon Property Group – SPG)**: Real estate investment trusts (REITs) can be good investments during economic growth, as they benefit from higher occupancy rates and potentially rising property values.

10. **Utilities (e.g., NextEra Energy – NEE)**: Utilities are typically seen as stable investments and can provide balance to a portfolio, even in a growing economy.

Before investing, it’s crucial to conduct thorough research or consult with a financial advisor. Diversification across different sectors can help manage risk.

Additionally, keep in mind that investing always involves risk, and past performance is not indicative of future results.

How did I come up with those ten stocks?  Simple.  I asked ChatGPT.  Just for fun I’m going to buy all ten tomorrow.  Let’s see what happens. 

I may figure out a way to post the hourly changes on this site.  

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jaron

Jaron Summers wrote dozens of primetime television and radio programs, including those for HBO, CBS, ACCESS TV and CBC. He conceived the TV and Film Institute of Canada. Funded by the University of Alberta and ITV, Jaron ran the Institute for 12 years, donating his services for a decade.

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