Monthly Picks – November
Monthly Picks – November
Today we bring you again an overview of stocks with the highest growth potential during this month. The stocks have been evaluated according to more than 3000+ different indicators rated in our model. Thanks to our analytical work, we can evaluate these companies, compare them with each other, and bring you great investment opportunities in our newsletter. We also add an up-to-date article about each company with information about their financial results.
Among the stocks that have high potential to grow in November are the following:
Occidental Petroleum Corp (OXY) ranked 4th on our list
Occidental Petroleum is a 66 billion-dollar energy company that is mostly owned by Berkshire Hathaway.
The company is ranked 4th mainly thanks to two indicators; Momentum indicator in the last 252 days and Volume Relative Change.
Measures the speed at which a stock price changes to determine whether its price will continue to rise or fall. Momentum measures the speed at which a stock’s price changes. High positive momentum indicates a great chance that a stock’s price will continue in its upward trend.
Read the article: Berkshire Hathaway Earnings Top; Warren Buffett Was Net Buyer Of Stocks In Volatile Q3 (yahoo.com)
Amazon (AMZN) ranked 5th on our list
Amazon is the biggest retail e-commerce platform with a market cap of just under 1 trillion dollars.
It was placed high in our ranking, mainly thanks to the CCI and PTBV indicators.
CCI Compares the present and historical price data to determine whether an asset is overbought or oversold.
Read the article: 2 Top Growth Stocks I’d Buy Right Now Without Any Hesitation (yahoo.com)
Exelon Corp (EXC) ranked 13th on our list
Exelon is an energy company in the United States, controlling an enormous market share of nuclear energy production. Its market capitalization is around 36 billion dollars.
It showed a strong bullish signal in our model’s PTBV indicator.
Price to tangible book value (PTBV) compares the company’s market capitalization to all of its assets minus intangible assets (intellectual property, goodwill) and liabilities. Stocks with a lower PTBV ratio are viewed as better buying opportunities than those with high PTBV. This indicator currently has the highest weight in our model among all the indicators. Measures how much are the historical prices correlated with the current prices to predict future price movements.
Read the article: Exelon (EXC) Q3 Earnings Beat Estimates (yahoo.com)