Buy 5 U.S. Bigwigs on the Dip for Sparkling Returns in the Short Term

Market Overview - U.S. stock markets are expected to close a solid 2024 after an impressive 2023, driven by the adoption of generative AI technology and participation from cyclical sectors like industrials, financials, consumer discretionary, and utilities [1] - The bull run is supported by a resilient U.S. economy, declining inflation, solid earnings, and the Fed's low-interest rate regime [2] Investment Strategy - The strategy of "buying on the dip" has proven effective throughout 2024, with aggressive returns following stock dips, particularly in tech [4] - Any dip is viewed as a good buying opportunity, with a significant influx of $1.4 trillion into U.S. money market funds at the beginning of 2024 due to high-interest rates [5] Stock Recommendations Pfizer Inc. (PFE) - Pfizer's non-COVID operational revenue growth is improving, driven by key products and acquisitions, despite declining COVID-19 product revenues [11] - The stock is trading at a 21.4% discount from its 52-week high, with a potential upside of 81.5% based on brokerage target prices ranging from $27 to $45 [13] Newmont Corp. (NEM) - Newmont is progressing with growth projects and improving operational efficiency, benefiting from high gold prices driven by strong demand and geopolitical tensions [14][15] - The stock is trading at a 30.3% discount from its 52-week high, with a potential upside of 76.7% based on target prices ranging from $47 to $72.32 [16] Uber Technologies Inc. (UBER) - Uber's Delivery business is thriving, and the recovery in Mobility operations is encouraging, with expected gross bookings of $42.75-$44.25 billion for Q4 2024 [17] - The stock is trading at a 15.8% discount from its 52-week high, with a potential upside of 63.8% based on target prices ranging from $66 to $120 [19] Adobe Inc. (ADBE) - Adobe has integrated AI applications across its products and is diversifying into digital marketing services, enhancing user experience [20][22] - The stock is trading at a 21.1% discount from its 52-week high, with a potential upside of 39.7% based on target prices ranging from $440 to $703 [24] QUALCOMM Inc. (QCOM) - Qualcomm is transitioning to a connected processor firm for the intelligent edge, benefiting from 5G technology and collaborations in AI [25][26] - The stock is trading at a 30.4% discount from its 52-week high, with a potential upside of 68.2% based on target prices ranging from $160 to $270 [27]