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StoneCo and SurgePays Emerge as Top Rated Stocks in 2024 StoneCo and SurgePays Emerge as Top Rated Stocks in 2024

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As the clock struck midnight on December 31st, 2023, there was a silent roar amongst investors as the curtains closed on a memorable year. The three major US stock market indices rendered a stellar performance, etching themselves into the annals of history. The S&P gained 24.2%, Nasdaq soared 43.4%, marking its highest annual gain since 2020, and the Dow posted an impressive 13.7% gain in 2023. The cacophony of this crescendo was enough to keep the excitement alive well into the new year. Yet in the first 10 trading days of 2024, the stock market indices remained modest, as if sobered by the ebullience of the previous year.

The Top Rated Stocks of 2024

Seeking Alpha, in its insatiable quest for uncovering investment gems, has carefully crafted a Top Rated Stocks screener. This methodical screener lists 5 stocks that are meticulously curated based on Buy to Strong Buy signals from Quant rating, SA Analysts Rating, and Wall St. Analysts rating. These top-rated stocks are further refined by stringent criteria such as factor grades ranging from A+ to B- on quantifiable measures, encompassing valuation, growth, profitability, momentum, and EPS revision.

Top Performers:

StoneCo (NASDAQ:STNE) has ascended to the apogee of this esteemed list with a staggering quant rating of 4.98. Although the stock experienced a momentous surge to reach a 52-week high of $18.61 on 27th December 2023, it has experienced a modest 1.2% decrease in the nascent days of 2024.

SurgePays (NASDAQ:SURG), not to be outdone, follows closely with a prodigious quant rating of 4.98. The stock has already seen an impressive uptick of almost 8% since the dawn of the new year and is poised to release its results in the forthcoming month of March.

Dorian LPG (NYSE:LPG), with a robust quant rating of 4.97, stands shoulder to shoulder with the others. This Connecticut-based company achieved a zenith of $49.54 in the first week of January and is primed to release its results on the 1st of February, 2024.

Ambac Financial (NYSE:AMBC) and Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) round off the list with quant scores of 4.94 and 4.92 respectively. Both companies are confidently poised to make their mark in the ongoing fiscal year.

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