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The Tanners Creek Super Tournament, held annually on the Ohio River in late September, is known for its challenging conditions, leading to small catches and disappointing results. In 2024, the co-winner brought in less than seven pounds of fish on the first day, highlighting the event’s difficulty. This year, a major competitor is skipping the contest due to scheduling conflicts.
Since the launch of ChatGPT in 2022, just 10 AI-related companies, including Nvidia Corp. (NVDA) and Meta Platforms Inc. (META), have driven nearly two-thirds of the S&P 500’s returns. These stocks are now trading at an average of 57 times forward earnings, making future gains harder to achieve. Institutional investors have added $1.3 trillion to these firms in the last 12 months, reflecting a crowded investment landscape.
Amidst the challenges in traditional investments, investment analyst Eric Fry emphasizes the potential of overlooked stocks, touting his new quantitative system, Apogee, which targets companies with prospects for significant gains. The system has reportedly achieved a 72% win rate and an average gain of 308% on identified winners.
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