3 Top Stocks I Plan to Buy in November
With October now in the books, 2021 is zipping by and it's time for investors to start thinking about November, another historically strong month for the stock market. Since 1950, the S&P 500 index has averaged its best returns in November. In order to help you find some good stock ideas for November, a trio of Motley Fool contributors has picked some of their top names for the month. Their three picks are MercadoLibre (NASDAQ: MELI), Activision Blizzard (NASDAQ: ATVI), and SVB Financial Group (NASDAQ: SIVB). Let's take a look at why these stocks are winners.
Nicholas Rossolillo (MercadoLibre): MercadoLibre hit one out of the park during the pandemic, and its follow-on performance for 2021 is pretty good, too. The company helped get the ball rolling on e-commerce and fintech in Latin America, and with online purchasing activity still a tiny fraction of overall retail in most of the countries it operates in, the runway ahead of MercadoLibre is still wide and long.
The last quarter's results are a case in point. Even as it lapped a boom in activity on its platform last year, revenue doubled year over year through the first half of 2021. Net income is flat, but that is largely by design as the company invests heavily to develop its services in the up-and-coming regions it operates in.
Source Fool.com
