While ChatGPT may have an early lead in the AI race, Giuseppe Sette, co-founder and president of Toggle AI, isn't worried.
"We were hoping for something like ChatGPT because the acceleration it provides us to create the ultimate investing copilot is enormous," Sette told Insider in a recent interview.
Toggle AI is an analytics firm that uses artificial intelligence to forecast price movements in a variety of security classes, including stocks, bonds, currencies, commodities, and exchange-traded funds — and it's getting pretty good at it.
With macroeconomic headwinds continuing to challenge markets in 2023, Sette believes that value stocks are set to outperform, at least for the near future. For that reason, he asked Toggle to identify the top five top stocks with a value basis that could best weather market volatility and ongoing stress in the financial sector.
"All stocks are characterized by all-time low P/E or P/B ratios, with an interesting mix of industries including real estate, payment, retail, industrial and insurance," Sette explained. "Based on their deep-value characteristics, Toggle gauges that these stocks will be better stores of value in case of further market downside."
Find the five stocks and read the rest of the article on Business Insider.