Top Investment Opportunities in Stocks for December
Top Investment Opportunities in Stocks for December
In the final stretch of the year, investors might be seeking stocks that can kickstart their new year with a bang. Some may be eyeing high-growth stocks to ride the wave of the market's rally, while others might be looking for a well-balanced, reliable portfolio. There's also a chance to scoop up shares of deep-value stocks in need of a turnaround.
Regardless of your investment goals, this list of five excellent stocks to buy in December has you covered. Let's explore why Intel, Occidental Petroleum, BioNTech, McCormick, and Coca-Cola are solid picks for your portfolio:
- Intel (INTC):Don't be fooled by Intel's recent struggles. The tech giant has undergone significant shifts, and the latest move includes selling its in-house manufacturing capacity to other semiconductor designers. This strategic change has yielded positive results, with Intel's foundry business accounting for 33% of its total revenue in the recent quarter. Furthermore, the company is continuing to invest in infrastructure, and the US CHIPS and Science Act grant will support its manufacturing investments on American soil. With a price-to-sales ratio near its lowest in its history, Intel presents an attractive buying opportunity.
- Occidental Petroleum (OXY):The oil and gas industry is notoriously volatile, and Occidental Petroleum's shares have taken a hit this year. However, there's potential for a rebound. The company's efforts to deleverage its balance sheet with debt reduction goals have been successful, and it plans to focus on generating cash and investing in growth segments in the coming year. Given the recent boost in cash flow and a strong focus on debt reduction, Occidental Petroleum stock may be an intriguing buy heading into the new year.
- BioNTech (BNTX):BioNTech's base market valuation may appear high, but the company boasts a substantial cash stockpile and an enterprise value of only $11.1 billion. Moreover, its pipeline is far from worthless – with late-stage cancer programs, phase 2 clinical trials, and 26 phase 1 studies in the works, BioNTech's potential is undeniable. Considering the company's strong fundamentals, BioNTech could be an excellent stock to add to your portfolio in December.
- McCormick & Company (MKC):With strong sales volume growth and profitability, McCormick has demonstrated resilience in a challenging consumer spending environment. The company also expects momentum to continue in the fourth quarter. Additionally, McCormick has set ambitious long-term targets, pays a growing dividend, and trades at a reasonable valuation. If you're seeking a consumer foods company with stable growth and a solid dividend, McCormick is a definitive choice.
- Coca-Cola (KO):Though Coca-Cola's stock has seen a recent decline, it still has a lot to offer. The company is focused on its core nonalcoholic beverage market, has a strong supply chain, and boasts high operating margins. Furthermore, its dividend yield is among the highest in the industry, and Coca-Cola has an impressive streak of annual dividend increases dating back to 1925. If you have a high level of conviction in the soft drink giant, Coca-Cola could be a high-conviction stock to add to your portfolio in December.
After examining the listed stocks, investors might consider diversifying their portfolio with some financially promising options. For instance, Coca-Cola's focus on its nonalcoholic beverage market, high dividend yield, and impressive dividend increase history make it an appealing choice for investors seeking stable income. Meanwhile, Occidental Petroleum's strategic debt reduction and plans for growth can be an attractive opportunity for those looking to invest in the oil and gas sector, provided they are prepared for its volatility.