Lemonade Stock News

No topic in the investment community has gotten more attention in the past couple of years than the rise of artificial intelligence (AI). Executives in a range of industries are trying to harness this technology to their benefit, while investors aim to position their portfolios to capture any upside.

The stock market has been on an absolute tear this year. The S&P 500 is up by 27%, which is almost triple its average annual gain dating back to when the index was established in 1957.

It's time for my annual list of 10 top stocks to buy for the new year. It's not so different than last year's list, so you won't be too surprised to see most of the picks.

The end of the year is coming quickly, and there's rising optimism on Wall Street. Inflation has moderated back to levels below 3%, the Federal Reserve is bringing interest rates back down, and the S&P 500 is up 28% year to date.

Things can go sour in life, but there's often a way to make those situations better. That's why insurance upstart Lemonade (LMND 2.22%) chose its quirky name.

In Jan. 2023, I wrote about my 10 top stocks to buy for the new year. I ended up pretty proud of my list because if you'd invested $1,000 in each of the 10 stocks the day the article was published, you'd have ended 2023 with $13,301, including dividends.

Although it's not an industry typically referred to as “hot” or "innovative," those two words could definitely describe parts of the insurance industry in 2024. Among the 80 largest insurance stocks trading on U.S. exchanges, only two have a negative total return this year.

Explore the exciting world of Lemonade (LMND -1.81%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!