The next biggest beneficiaries of the artificial intelligence trade could be the less obvious names stealthily adopting new technologies, according to Nancy Tengler, chief executive officer and chief investment officer of Laffer Tengler Investments. As the current bull market rally has broadened out, technology stocks have given up some of the massive lead they held over other sectors. Since the Nov. 5 election, the Russell 2000 has added 5.
Tengler also likes Home Depot , which ended last year just 2% higher but has since risen 22% in 2024, marking a stellar comeback. Similar to Walmart, Home Depot has been using AI and cloud computing to boost its e-commerce business and better manage its supply chains.
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