Finding the best stock picks that fit your investment strategy is one of the most time-consuming aspects of investing. To help make things easier for you, I’ve compiled a list of the best stocks you should consider adding to your portfolio for November.
Hello everyone. Welcome back to my platform. My name is Antoaneta. I’m so glad to share with you this month’s top stock picks. Please share, and subscribe to my platform so you’re always updated whenever I upload new blogs on my platform. Let’s begin.
Mastercard
Let’s start with Mastercard. The company reported a 29% increase in its revenue for the third quarter in constant currency terms. It reached $5 billion in revenue thanks to the surge in consumer spending and cross-border spending after international travel resumed.
Mastercard’s operating margins were at 54.5% while the net margins reached 48%. These are extremely excellent figures because only a few companies can reach these numbers. Its share buybacks stood at $1.6 billion and its dividends were at $0.43 billion. The company has grown tremendously and is projected to continue doing well moving forward.
- Market Cap – 338.64B
- P/E ratio – 42.37
- 52-wk high – 401.50
- Stock Price – 349.67
Upstart
Upstart, a fin-tech startup, uses artificial intelligence when assessing the risk of lending to an individual. The company strives to replace the traditional method used when evaluating borrowers’ risk. Although the company isn’t the only company that’s trying to reinvent this aspect of lending, it’s one of the powerful first-movers within this sector. The company expects to generate a revenue of $750 million this year and is seeking to boost its total addressable market.
- Market Cap – 24.40B
- P/E ratio – 481.79
- 52-wk high – 401.49
- Stock Price – $312.95
IDEXX Laboratories
Another top pick is IDEXX laboratories. It is a company that provides diagnostic services for veterinarians. It features various blood and urine analyzers that allow vets to get the results of the diagnostic tests within a particular amount of time. The company’s services are available to 175 countries, giving IDEXX laboratories significant opportunities to grow and expand.
- Market Cap – 53.36B
- P/E ratio – 72.14
- Stock Price – $629.26
Meta
Before we dive into one of the biggest rebrandings today, let’s first recall what happened to General Electric. The company was spearheaded by Jack Welsh for more than 20 years. He’s been a successful CEO who managed the company well. But after he left, the company started to crumble.
After Welsh’s departure, GE went through a lot of changes. The company hired new people, made several acquisitions, and overhauled the corporate slogan. Unfortunately, the business went into financial ruin. It faced accounting fraud charges and SEC fines, to name a few.
It was already too late when GE realized that it had to rebrand. The media was already all over the company and has been reporting about its financial problems but also highlighted the management’s continued focus on its interest. Their CEOs continued to receive high pay while their shareholders suffered declining dividends and extreme losses.
If there’s one lesson you can learn from this story it’s that you should rebrand only when you are in a position of strength. It’s better to be proactive especially when it comes to making significant changes to a business.
Now, let’s talk about Meta Platforms, which previously came by the name Facebook. On December 1, the company will change its name and ticker. Some chuckled at the social media giant’s move to rebrand while others believe that it took years in the making.
Various questions have come up since the news broke. Some are wondering if the company changed its brand so it could disassociate itself from the scandals that have followed recently or if it was a move that came from Jack Welsh’s playbook.
It seems like Mark Zuckerberg, Facebook founder, and CEO has other things in mind. With the company’s continuous growth and billions in cash stockpile, the rebranding move can’t be considered as a desperate step made by a company that is on the brink of bankruptcy.
It remains to be seen whether the rebranding strategy is a success or not. Meta still has a lot of room to grow especially if it manages to maintain and exceed the performance of Facebook. For now, Facebook is still a good stock to include in your portfolio.
- Market Cap – 932.92B USD
- P/E ratio – 23.97
- Stock Price – $335.37
That’s all for now. Thank you for reading until the end. You can also check out my previous blogs such as Investing for Beginners – The Stock Market vs Real Estate. Share if you’ve enjoyed it or drop a comment below if you want to add something or just say hello. Explore this platform for content about business, investment, and motivation.
Ebooks:
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Recommended for further reading:
- Smarter Investing: Simpler Decisions for Better Results
- Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
- Intelligent Investor: The Definitive Book on Value Investing
- Shares Made Simple: A beginner’s guide to the stock market
- A Beginner’s Guide to the Stock Market: Everything You Need to Start Making Money Today
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