Financial, Industrials, and Technology Stocks Were on Top Last Year

The S&P 500, as represented by the exchange-traded fund SPDR S&P 500 Trust ETF ( SPY ), delivered a 25% gain, including dividends.

And while a handful of technology stocks have dominated headlines for a while, the top three Big Money stocks of 2024 may surprise you.

Financial, Industrials, and Technology Stocks Were on Top Last Year

Two years ago, the top Big Money stocks included consumer, homebuilder, and tech companies. That surprised some who expected tech to dominate full stop.

But surprises come every year, including 2024, as financial, industrials, and technology stocks were on top last year.

However, they may not be the household names you’re familiar with.

Let’s start with financials. The sector jumped 30% last year. One of its biggest winners was Apollo Global Management, Inc. ( APO ). Big Money drove a huge 79.8% gain for APO:

The money management firm has a MAP score of 72.4 and a fundamental grade of 83%. Its per-share earnings are expected to jump almost 20% in a year, so Big Money interest is no surprise.

The second top stock of 2024 came from the industrials sector – governmental software company Palantir Technologies, Inc. ( PLTR ). This company took off in 2024, gaining 340% and joining the S&P 500:

PLTR’s MAP score is 69, including a 75% fundamental rating. Even better, the company’s per-share earnings are expected to grow 23.8% in a year.

The last sector for 2024’s top stocks is technology, but perhaps not one of the names on most people’s minds. While the sector jumped 21%, the Big Money winner was Arista Networks, Inc. (ANET), which nearly doubled in value last year:

ANET has a MAP score of 84.5, with a technical rating of 82.4% and a fundamental rating of 87.5%. That score is incredibly strong, reflecting market momentum and a high quality business.

Next year, ANET’s per-share earnings are expected to grow by 12%. And in case you’re wondering, ANET has been a top stock at MAPsignals for years:

The stock has made MAPsignals’ Top 20 report 82 times since 2015. It’s return in that time? A whopping 2,216%!

Winners Will Emerge

Big Money is putting money to work now, even amidst volatility.

And guess what? There will be surprises in a year once again! Winners will emerge, and Big Money is picking them right now.

MAPsignals spots the Big Money flows. You can spot them too with a MAP.

If you’re a serious investor, Registered Investment Advisor (RIA), or a money manager looking for hedge-fund quality research, get started with a MAP PRO subscription today .

Disclosure: the author holds no positions in APO, PLTR, or ANET at the time of publication.