Top Stocks to Buy in November: APP and MTZ Continue to Soar
From Nasdaq: 2024-11-14 08:00:00
Since Donald Trump’s victory, the stock market and bitcoin have surged to all-time highs, driven by optimism about lower corporate taxes and economic growth. Wall Street is bullish on earnings growth and the Fed’s rate cut projections. Investors eye market-crushing stocks like AppLovin and MasTec, which have outperformed the S&P 500.
AppLovin, with its AI-boosted technologies, posted impressive revenue growth and earnings, leading to a Zacks Rank #1. Its FY25 earnings estimate has soared, projecting strong growth in 2024 and 2025. AppLovin shares have skyrocketed 620% YTD, presenting potential buying opportunities during any pullback.
MasTec, a leading infrastructure construction firm, reported record sales growth and backlog, benefiting from key megatrends like the energy transition and AI boom. With strong earnings estimates and stock performance, MasTec is positioned for growth in 2024 and beyond. Investors should monitor potential buying opportunities during pullbacks.
As infrastructure spending soars with trillions in Federal funds allocated, investors can explore 5 stocks set to benefit the most from this spending spree. The surge in infrastructure investments presents promising opportunities for companies involved in AI data centers, renewable energy, and more. Download the free report to learn more about profiting from the trillion-dollar infrastructure boom.
Read more at Nasdaq: Top Stocks to Buy in November: APP and MTZ Continue to Soar