A look back at my calls at previous Stansberry Research Conferences
Regular readers know how much I enjoy investment conferences...
Not only do I enjoy catching up with old friends and making new ones, I also get loads of new stock ideas. And if I'm at a conference as a presenter, I love pitching ideas to attendees.
Earlier this month, I attended the Robin Hood Investors Conference in New York. And this week, I've been in Las Vegas for our company's annual Stansberry Research Conference & Alliance Meeting.
Yesterday, I gave an 89-slide presentation at the Stansberry Research Conference – in only 28 minutes. (That might be a record for me!)
I believe in accountability, so I started with a review of the presentations I gave at the past three conferences. At each, I shared my view of the economic conditions, outlook for stocks in general, and my favorite stocks.
So today, I'll briefly share those reviews from yesterday's presentation and see how things stood on the cusp of my presentation...
Three years ago, near the bottom of the painful 2022 market downturn, I reminded the audience that "declining stock prices are good news for long-term investors" and concluded:
It was a great call, as the S&P 500 Index surged 76% since then.
But my three stock picks did much better – rising an average of 335%. Take a look at the slides below that I shared yesterday...
Berkshire Hathaway (BRK-B) rose 70%, which is in line with the market:
Netflix (NFLX) soared 302%:
And Meta Platforms (META) skyrocketed a stunning 632%:
I also named my least favorite "Dirty Dozen" stocks, which declined by an average of 54%. Here's the table I shared yesterday:
Note that I removed GameStop (GME) on March 23, 2023 at $23.58 per share and Digital World Acquisition (which traded under the ticker DWAC) on April 14, 2023 at $13.12 per share. Also note that Nikola (which formerly traded under the ticker NKLA) filed for bankruptcy earlier this year, as I discussed in my February 20 e-mail.
Two years ago in my presentation at the conference, I concluded the following in this slide:
Again, it was a good call... the S&P 500 rose 59% since then.
And I pitched a stock that year – air-taxi company Joby Aviation (JOBY) – which did nothing for about a year and a half. But then, it nearly tripled in about the past six months – surging 178% since I pitched it. Here's the chart I shared yesterday:
Last year, I again remained "constructive" on stocks. Here's the slide:
And again, I was proved correct... as the S&P 500 rose 18% since then.
I pitched two stocks last year, which rose an average of 30%.
First, dating-site operator Match Group (MTCH) declined 14%. Here's the chart from yesterday's presentation:
Meanwhile, discount retailer Five Below (FIVE) got hammered during the tariff panic in April. But since then, it has rallied strongly. Since I pitched the stock, it surged 74%. Here's the chart I shared yesterday:
Overall, I'm proud of the advice I gave in recent years – both macro and micro (stock-specific).
Looking ahead, I continue to be bullish on the first five of these stocks (BRK-B, NFLX, META, JOBY, and MTCH)... while FIVE, trading at about 30 times next year's earnings, no longer looks cheap enough to recommend.
In tomorrow's e-mail, I'll share highlights from the next part of my presentation – addressing the question "Are Stocks in a Bubble?" and an overview of my current macro outlook. Stay tuned!
Best regards,
Whitney
P.S. I welcome your feedback – send me an e-mail by clicking here.