Therealreal Inc Stock News

Taking a look at the 20 best-performing stocks in 2024 of current Russell 3,000 members.

Both in 2023 and 2024, Michael Burry, famously known for ‘The Big Short,' sparked debate with his Chinese stock bets – his growing long positions in Alibaba (NYSE: BABA), JD.com (NASDAQ: JD), and Baidu (NASDAQ: BIDU) – was hotly debated thanks to its sheer size and the dubious performance of the People's Republic's economy.

An investor who can find a stock that goes up 15% annually has found a remarkable thing. The S&P 500 itself goes up roughly 10% per year, and investors who pick individual stocks want to beat this.

HOUSTON, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Today, The RealReal (Nasdaq: REAL), the world's largest online marketplace for authenticated, resale luxury goods, is excited to announce the opening of its newest location in Houston's award-winning Montrose Collective project. This location marks The RealReal's fifteenth brick-and-mortar location and the second in Texas.

The luxury fashion world's loss has been The RealReal's gain this year. As The Wall Street Journal (WSJ) reported Thursday (Dec. 19), sales for the luxury resale website have grown for three quarters in a row as shoppers seek secondhand prices for first-class goods from the likes of Gucci and Chanel.

Don't get me wrong -- I love the S&P 500. It's a curated stock market index comprised of around 500 of the biggest, most profitable U.S.-based businesses.

Michael Burry of ‘The Big Short' fame is known for his deft handling of the 2008 subprime mortgage crisis, which netted him $100 million and his clients seven times as much. However, he hasn't been resting on his laurels — through his firm, Scion Asset Management, Burry remains quite an active investor.

After the famous ‘Big Short' investor Michael Burry abandoned his 2023 bet against the semiconductor industry – though, interestingly, the short position may not have been wrong, only poorly timed – he again stirred controversy with his persistent bullishness about Chinese stocks.