10 stocks we like better than XRP ›

XRP (CRYPTO: XRP) is surging on Thursday. The price has risen 6% in the last 24 hours as of 2:17 p.m. ET.

Top 10 Stocks WE Like Better Than XRP

Disclosing a new pick isn't easy, but it feels worse when it goes bad. We're not perfect, and we don't want to hold any punches. This time, we're disclosing a losing pick impacting our return.

"We are disclosing a new pick isn't easy, but it feels worse when it goes bad. We're not perfect, and we don't want to hold any punches. This time, we're disclosing a losing pick impacting our return.

The good news is that we're still performing well. Since the beginning of the year, the S&P 500 is up about 17%, and Stock Advisor is up 33% -- more than double the market. We're pleased with the performance of the portfolio, and we're continuing to identify opportunities in the market.

But we're also human, and we make mistakes. One of our recent picks hasn't performed as well as we expected. We're talking about XRP, which we recommended in December 2023. Unfortunately, the stock has gone down about 50% from the price at which we picked it.

We're disappointed with this pick, and we take full responsibility for it. We did our research and believed in the investment thesis at the time, but sometimes, things don't turn out the way you expect them to.

We're still learning and adapting, and we're confident that we'll continue to identify great investment opportunities for our members. But we also want to be open and transparent about our process and our performance.

Here's a snapshot of the Stock Advisor portfolio at the beginning of the year and its performance so far in 2023:

Total portfolio value: $2,040,000

Average return: +32.8%

Best performing pick: Nvidia (+188%)

Worst performing pick: XRP (-49%)

We're disappointed with the performance of XRP, but we're pleased with the overall performance of the portfolio. We're continuing to monitor the market closely and identify new investment opportunities for our members.

We're disclosing a new pick isn't easy, but it feels worse when it goes bad. We're not perfect, and we don't want to hold any punches. This time, we're disclosing a losing pick and how it's impacting our return.

The good news is that we're still performing well. Since the beginning of the year, the S&P 500 is up about 17%, and Stock Advisor is up 33% -- more than double the market. As of August 2023, the average return of Stock Advisor picks is +32.8%, compared to the S&P 500's return of +14.7%.

Investors across the market reacted positively to reports that the U.S. and China may be nearing a trade deal. The details are light, and the deal has yet to be finalized, but the move indicates a resolution to the trade war could be coming. The uncertainty sparked by Trump's tariffs has hit speculative assets like XRP especially hard, so investors were pleased to see positive movement.

A report on Thursday morning claimed that the two sides could meet as soon as September to sign a trade deal in "principle." The report, which cited two unnamed sources, also stated that the two sides had made "notable progress" in recent talks.

The report was quickly picked up and circulated by several financial news outlets, quickly pushing up markets across the board. By mid-morning, the S&P 500 was up 1.1%, while the Nasdaq Composite rose 1.7%.

Both indexes were heavily influenced by the positive reports concerning the trade talks. The reports stated that the two sides had agreed to roll back tariffs imposed by Trump, which could pave the way for a broader trade agreement.

The two superpowers had engaged in a trade war since 2018, imposing tariffs on billions of dollars worth of goods. The trade war sparked uncertainty in the global economy and led to volatility in the stock market.

The reports of a potential trade deal were welcomed by investors, who were hoping for a resolution to the trade war that would spur economic growth.

The report also mentioned that the two sides were discussing a framework for cooperation in other areas, such as technology and investment. This signaled a possibility for a more comprehensive economic partnership between the two countries.

Both the U.S. and China had signaled a willingness to reach a trade deal in recent weeks. Trump had announced that he would be meeting with Chinese President Xi Jinping at the G-7 summit in October to discuss trade and other issues.

The reports of a pending trade deal sparked a rally in crypto prices, with Bitcoin