2 Top-Scoring Stocks for the Second Half of 2024

Now that the first half of the year is fully behind us, we can take its measure – and what we see illuminates both hopes and risks. On the positive side, the stock markets have posted strong first-half gains; the S&P 500 is up nearly 17% and the tech-heavy NASDAQ has gained 24%. On the negative side, the gains are narrow, and concentrated in the tech sector; semiconductor maker Nvidia, up more than 150% so far this year, alone accounts for approximately one-third of the S&P gains.

The narrow base alone might not spook investors – it’s based on the latest AI technologies, which are rapidly proving their worth in new products and services. But it’s also an election year, and as we all know, anything can happen at the polls in November. The recent debate between President Joe Biden and former President Trump, the presumptive challenger, only served to muddy those waters further.

We can filter out some of those muddy waters with the right tool – such as the Smart Score, from TipRanks. This AI-based data collection and collation algorithm gathers and sorts the accumulated data of the stock market – and uses it to rate every stock according to a set of factors that have proven accurate forecasters of future performance. The result is given as a simple score, on a scale of 1 to 10, with the ‘Perfect 10s’ being stocks that deserve a closer look.

So let’s give two top-scoring stocks – ‘Perfect 10s’ – just that close look that they deserve. According to the TipRanks database, the Street’s analysts recognize these shares as Strong Buys and are predicting plenty of upside for both. Here are the details.

Janus International Group (JBI)

We’ll start with a construction-related company, a firm focused on a product that most of us never even think about, although we use it every day: doors. Janus, a design and manufacturing company, provides solutions for doors and entryways to the commercial, industrial, and construction sectors. The company works with builders and contractors, offering a variety of doorway solutions, ranging from basic to high…

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