Carillon Tower Advisers, an investment management company, released the "Carillon Eagle Growth and Income Fund" of the first quarter of 2025 investor letter. A copy of the letter can be downloaded here. The S&P 500 ended its first quarter of 4.3%, marking the beginning of turbulence in 2025. The volatility that began in February was caused by factors such as policy uncertainty, economic slowdown and sustainability of AI investment. The market eviction dropped more than 10% in the first quarter of 28 months. Aside from uncertainty, the 10-year U.S. treasury yield in the U.S. fell from 4.8% to 4.25%, resulting in a stock market rotation that favors the defense sector, quality stocks, and dividend earnings stocks rather than growth and momentum-driven investments, and has the largest history of energy, energy, healthcare and consumer. Additionally, market participation expanded in the quarter, with index leadership shifting from large-scale technology companies to a more diverse stock base, which proves the performance of heavy indexes such as the S&P 500®. Additionally, you can check the fund's top 5 holdings to determine their best choice for 2025.

Carillon Eagle's Growth and Income Fund highlights stocks such as Chevron Corporation (NYSE:CVX) in its first-quarter 2025 investor letter. Chevron Corporation (NYSE:CVX) engages in integrated energy and chemical operations operating through upstream and downstream segments. Chevron Corporation (NYSE:CVX) has a one-month return of 0.67%, and its stock has lost 13.59% of its value in the past 52 weeks. On May 19, 2025, Chevron (NYSE:CVX) stock closed at $138.49 with a market value of $241.86 billion.

Carillon Eagle's Growth and Income Fund pointed out the following about Chevron (NYSE:CVX) in its 2025 investor letter:

“Chevron Company (NYSE: CVX) Because of increased commodity prices, especially natural gas, is weather-related and performs well after elections following the outlook for liquefied natural gas (LNG) and electricity demand. Investors continue to remain optimistic about lower capital expenditures and higher dividends and stock buyback-backed capital deployments. ”

A tanker truck passes through the refinery facility.

Chevron Corporation (NYSE:CVX) is not among the 30 most popular stocks in hedge funds. According to our database, the 81 hedge fund portfolio ended in the fourth quarter with Chevron (NYSE:CVX) in the fourth quarter, compared with 63 in the third quarter. Although we acknowledge the potential of Chevron Corporation (NYSE:CVX) as an investment, our belief is that AI stocks have greater hope to offer higher returns and do so in a shorter time frame. If you are looking for AI stocks that are as promising as NVIDIA, but whose earnings are trading at less than 5 times the price, check out our report on undervalued AI stocks.