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Undiscovered Gems: Three Promising Stocks For December 2024

Wesley ParkTuesday, Dec 17, 2024 6:19 pm ET

1min read

As the year comes to a close, investors are on the hunt for undiscovered gems that can deliver strong returns in the coming months. While the market has been volatile, there are still promising stocks that have the potential to outperform. In this article, we will explore three promising stocks for December 2024: Microsoft Corporation (MSFT), Amazon.com, Inc. (AMZN), and Mondelez International (MDLZ).

Microsoft Corporation (MSFT) is a tech giant that has been a leader in the industry for decades. The company's strong focus on cloud computing and AI has positioned it well for the future. MSFT's Azure cloud platform has seen significant growth, and its AI initiatives, such as the partnership with OpenAI, make it a strong contender in the AI space. Despite recent market volatility, MSFT has shown resilience and strong fundamentals. The company's market cap is $3.38 trillion, with a P/E ratio of 37.56. Its EPS is $12.1, and forward EPS is $14.95. MSFT's 52-week low is $366.5, and its 52-week high is $468.35. The company's 50-day average is $424.70, and its 200-day average is $423.95.

Amazon.com, Inc. (AMZN) is another tech giant that has dominated the e-commerce landscape. The company's focus on innovation and customer experience has led to a strong brand and loyal customer base. AMZN's AWS division has been a significant driver of growth, and its commitment to digital transformation positions it well for the future. The company's market cap is $2.43 trillion, with a P/E ratio of 49.39. Its EPS is $4.68, and forward EPS is $15.15. AMZN's 52-week low is $144.0, and its 52-week high is $233.15. The company's 50-day average is $202.19, and its 200-day average is $187.28.

Mondelez International (MDLZ) is a global snack food and beverage company with a strong portfolio of brands. The company's focus on digital transformation and growth strategies, such as its partnership with Amazon Web Services, position it well for the future. MDLZ's strong balance sheet and diversified revenue streams help mitigate risks in the snack food industry. The company's market cap is $111.4 billion, with a P/E ratio of 21.77. Its EPS is $2.14, and forward EPS is $2.35. MDLZ's 52-week low is $48.0, and its 52-week high is $62.5. The company's 50-day average is $54.55, and its 200-day average is $53.74.

In conclusion, Microsoft Corporation (MSFT), Amazon.com, Inc. (AMZN), and Mondelez International (MDLZ) are three promising stocks for December 2024. While each company faces potential risks and challenges, their strong fundamentals, innovative strategies, and diversified revenue streams position them well for long-term growth. Investors should carefully consider these factors when making investment decisions.

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