This has been a massive year for the S 500 index. It's sitting on a gain of 26% (including dividends), which reverses all of its losses from 2022.

Historical data going back to 1957 says rebound years like 2023 have always been followed by second positive year. That bodes very well for 2024 -- we could be looking at a gain of 15.5% in the S 500 in 2024, based on the average return of the last 11 times a down year in the market was followed by a rebound year.

But I think two stocks could deliver an even higher return in 2024. Oracle (NYSE: ORCL) and DigitalOcean (NYSE: DOCN) each have a strong presence in cloud computing, and they are rapidly growing their portfolios of artificial intelligence (AI) products. Here's why they have all the right qualities to beat the market.

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Source Fool.com