GOOD MORNING

Here’s everything you need to know today: There are currently 14,157 publicly traded companies in the United States and over 1000+ articles released about S&P500 companies alone every single day. Today we will be showing you our top 3 stock picks we have hand picked for this week:

1 month performance

1. AVGO - 36.37%

2. PLTR - 15.66%

3. SOFI - 19.22%

This Week (Here’s our top 3 stock picks)  

1. Broadcom Inc (AVGO)

Broadcom (AVGO) stands out as an attractive investment this week for multiple reasons, driven by its strong earnings, market leadership in AI-related technologies, and robust financial outlook.

In its latest earnings report, Broadcom smashed expectations with a 47% year-over-year revenue growth and issued a higher medium-term guidance for AI-related revenues.

The company’s strategic focus on providing networking and semiconductor solutions for hyperscalers and AI enterprises places it at the center of an ongoing boom in AI and cloud infrastructure investments.

Partnerships with tech giants like Apple and Alphabet ensure consistent demand for its products, while its VMware acquisition is expected to drive long-term growth​.

Furthermore, Broadcom's solid cash flow generation (averaging over $14 billion annually) enables it to maintain a shareholder-friendly dividend policy and manage its debt effectively. Analysts are bullish, with price targets ranging from $205 to $255, implying significant upside from current levels.

With the Fed’s recent interest rate cuts creating a favorable backdrop for tech stocks, Broadcom's position as a leader in semiconductor innovation, particularly in AI and networking, makes it a compelling buy this week​.

The stock is up over 36% this month and this momentum can easily carry into this next week.

2. Palantir Technologies (PLTR)

Palantir (PLTR) continues to show strong potential as a buy this week due to its exceptional 2024 performance and growing demand for AI-driven solutions. The stock has surged 340% year-to-date, fueled by the expansion of its Artificial Intelligence Platform (AIP) into commercial markets.

In Q3 2024, Palantir reported a 30% revenue increase YoY to $726 million, with U.S. commercial revenue up 54% and government revenue up 40%. These results highlight its leadership in AI integration across industries​.

Palantir’s profitability is another strength, with a 20% profit margin in Q3, demonstrating efficient scaling alongside growth.

Key recent developments, such as government accreditation for sensitive workloads and potential inclusion in the Nasdaq 100, further bolster its appeal. While valuation concerns persist, Palantir’s combination of AI innovation, profitability, and strategic positioning suggests the stock could continue to climb heading into 2025​.

The stock is up over 15% this month and is due for another leg up.

3. SoFI Technologies Inc. (SOFI)

SoFi Technologies (SOFI) presents an attractive buying opportunity this week, driven by robust growth and market momentum.

The stock recently hit a 52-week high of $11.30, reflecting a 64% surge over the past year and a 38% gain in the last month alone, signaling strong investor confidence.

SoFi’s strategic initiatives, such as its partnership with PrimaryBid and a $2 billion deal with Fortress Investment Group, are expanding its financial services ecosystem, positioning the company as a leader in modern banking solutions​.

In terms of fundamentals, SoFi's Q3 2024 earnings showed a 22% YoY increase in revenue to $597 million, marking its third consecutive profitable quarter.

The firm has also grown its deposit base to $15.7 billion, demonstrating its potential to rival traditional banks.

With membership growth approaching 7 million and plans to increase by 1 million per quarter in 2024, SoFi is gaining momentum as a disruptor in the banking sector, making it a compelling pick for investors seeking exposure to the ongoing fintech revolution​.

The stock is up over 19% this past month and it’s momentum can lead it higher in the following week or weeks to come.

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