Keith Richards’ Top Picks for November 25, 2024

Major market indices have recently reached new highs, supported by strong moving averages and momentum indicators that are not yet overbought. Market breadth looks healthy, and sentiment indicators show that investors are not overly optimistic. Add in the fact that we are entering the seasonally best six months of the year, and the overall market outlook seems promising.

While some may argue that valuations are high at 30 times trailing price to earnings ratio (PE), historical data from the last three major market crashes (2000, 2008, 2020) shows that PE ratios were even higher before the downturns began. From a technical standpoint, the current market trend is hard to dispute—at least for the time being.

Keith Richards, president and chief portfolio manager at ValueTrend Wealth Management, has shared his top picks: Arc Resources, Global X Silver Miners ETF, and Berkshire Hathaway. Arc Resources (ARX TSX) is experiencing a breakout, while the Global X Silver Miners ETF (SIL NYSE) is testing support during a pullback near $36. Berkshire Hathaway (BRK.B NYSE) is in an uptrend and offers a more conservative way to own the S&P 500 with its value and cash components.

Looking back at Keith Richards’ past picks from August 26, 2024, we can see a mixed bag of returns. Ford Motor (F NYSE) has seen a 2% return, BMO EW Global Base Metals ETF (ZMT TSX) has gained 9%, and VanEck Oil Services ETF (OIH NYSEARCA) has only seen a 0.1% return. Overall, the total return average sits at 4%.

It’s important to note that these picks come with additional disclosure information, showing Keith Richards’ personal, family, and portfolio/fund holdings for full transparency.