Apollo named three "boring" stocks ahead of Apple, Google and Amazon

Some tech giants are outperforming stocks that are considered "boring" because there is little news about them, according to Apollo Global Management chief economist Thorsten Slock. He cited a list of three stocks that have outperformed the "Magnificent Seven" companies such as Apple, Alphabet and Amazon in terms of returns over the years.

For those seeking stable and predictable returns, "boring is often a much better strategy than spectacular," wrote Apollo Global Management senior economist Thorsten Slock. That statement is true for both the stock and bond markets, he said.

"The bottom line is that trendy tech companies get so much attention, and investors spend a disproportionate amount of time discussing their growth strategies and new products," Slocke noted. - But a host of other stocks and investment strategies can deliver better and more sustainable results with fewer sleepless nights."

- Slocke compared shares of Tractor Supply, which specializes in products for agriculture, hobby farmers and small towns, and Apple stock. And it turned out that the former had been outpacing the latter in growth since 2001, especially in the last five years. Tractor Supply shares have more than doubled over that period, while Apple securities have added only 83%, Barron's calculated.

- Shares of restaurant chain Domino's Pizza have consistently outperformed the securities of Google's parent company Alphabet. Since 2007, Domino's has been performing better, according to Slok.

- Similarly, shares of Old Dominion Freight Line, one of the largest U.S. transportation and logistics companies, are outperforming the online retailer and cloud service owner Amazon over the long term. Over the past five years, Old Dominion's stock has added about 56%, while Amazon has only grown by a little more than a third, Barron's said.

Last week, Wedbush analyst Dan Ives named stocks that he thinks could win and lose from the "artificial intelligence party." He praised the strategies of bigtechs like Microsoft, Amazon, Alphabet (Google's parent company), Nvidia, Tesla and Meta, and singled out military and civilian developer Palantir and cloud companies Snowflake and Salesforce. He also singled out design software developer Adobe and chipmaker Intel as losers.

This article was AI-translated and verified by a human editor