As of November 11, 2024, there are 20 stocks show strength due to AI innovations, strong financial performances, and strategic growth across the tech, healthcare, and finance sectors.
Let's knowing more on @PortfolioParrot‘s Top 20 stocks for long-term portfolio:
Notes, PortfolioParrot on X is an analytical investor. He turned 3-year profits into 6 properties worth £538k.
Using 229 quantitative and qualitative data points, here are 20 one-liners and their trends about why these stocks look promising this week...
20. $Wal-Mart(WMT)$ : Walmart's e-commerce growth and strong Q3 FY25 results, with revenue up 5.2%, boosting investor confidence.
19. $Berkshire Hathaway(BRK.B)$ : Berkshire Hathaway's diverse portfolio and Warren Buffett's strategic investments continue to drive growth.
18. $Autodesk(ADSK)$ : Autodesk's 11% revenue growth to $1.51B and positive industry demand, especially in architecture and engineering sectors.
17. $Novo-Nordisk A/S(NVO)$ : Novo Nordisk's significant sales growth driven by diabetes and obesity medications, with raised revenue guidance.
16. $Qualcomm(QCOM)$ : Qualcomm's expected 50% increase in Snapdragon 8 Gen 4 shipments and positive AI trends in smartphones and PCs.
15. $TransUnion(TRU)$ : TransUnion's double-digit earnings growth and strategic expansions in technology are driving its turnaround.
14. $Visa(V)$ : Visa's strong Q4 performance, with 8% YoY growth in payments volume and 22% growth in value-added services.
13. $Cisco(CSCO)$ : Cisco's 30% stock price increase since August 2024, driven by strong demand for AI-related products.
12. $Arista Networks(ANET)$ : Arista Networks' $340M network project win and strong Q3 2024 earnings potential with expected EPS of $2.08.
11. $Eli Lilly(LLY)$ : Eli Lilly's 42% revenue growth in Q3 2024, driven by strong sales of diabetes and obesity drugs.
10. $Advanced Micro Devices(AMD)$ : AMD's Q3 2024 revenue growth of 18% to $6.8B, with $4.5B projected revenue from AI chips.
9. $UnitedHealth(UNH)$ : UnitedHealth's 9.2% YoY revenue growth in Q3 2024, driven by expansion in Optum and UnitedHealthcare.
8. $Alphabet(GOOG)$ : Alphabet's 15% YoY revenue growth to $88.3B, with 35% surge in cloud division boosting profitability.
7. $Apple(AAPL)$ : Apple's record Q4 revenue of $94.9B, a 6% YoY increase, driven by new product launches and services growth.
6. $Taiwan Semiconductor Manufacturing(TSM)$ : TSMC's 89.8% stock surge in the past year, with a 36% revenue increase to $23.5B in Q3 2024.
5. $Broadcom(AVGO)$ : Broadcom's strong AI demand and $12B projected AI revenue for fiscal 2024.
4. $Meta Platforms, Inc.(META)$ : Meta's 19% revenue growth and 35% net income increase, with significant investments in AI technology.
3. $Amazon.com(AMZN)$ : Amazon's 52% YoY EPS growth and 11% revenue increase to $158.9B, driven by AWS performance.
2. $Microsoft(MSFT)$ : Microsoft's revenue increased by 16% to $245.1B, with Azure cloud revenue growing 22% to $38.9B.
1. $NVIDIA Corp(NVDA)$ : NVIDIA's 173% stock rise in 2024, fueled by AI chip dominance and inclusion in the Dow Jones.
@PortfolioParrot
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