2 Great Stocks to Buy in December for Long-Term Growth

Asia's Tech News Daily

The market pulled back slightly ahead of the Thanksgiving holiday. But the S&P 500, the Dow, and the Nasdaq all still trade within touching distance of their records, driven higher recently by mega-cap technology stocks. And the benchmark index popped 0.23% on Wednesday, while the tech-heavy index climbed 0.44%, with the Dow barely in the red.

Click to get this free report, DocuSign (DOCU): Free Stock Analysis Report, Zacks Investment Research

– Zacks

The brief drop to start the week was likely driven by profit-taking and some sell the news moves after President Biden officially said he will nominate Jay Powell for a second term. The slight decline hasn’t cooled things off too much and there could clearly be more near-term selling because the confluence of economic headwinds remain.

Despite continued supply chain bottlenecks, rising prices, and difficulty filling millions of open jobs, the bulls keep on winning. The ability to remain positive has been boosted by strong October consumer spending data. And the Labor Department said on Wednesday that jobless claims last week fell to their lowest level in 52 years at 199,000.

On top of that, the bulls can hang their hats on the fact that interest rates will remain historically low for the foreseeable future no matter when the Fed starts to lift its core rate. And the S&P 500 earnings picture remains strong, despite near-term margin pressures.

With this in mind, investors likely want to remain on the hunt for strong stocks to buy as we approach December. And why not consider two stocks trading well off their highs that are poised to grow within vital areas of the economy…

Dollar General DG

Dollar General is a true discount retailer that sells everything from food to motor oil for “everyday low prices,” unlike Dollar Tree’s $1 for everything pitch. DG recently opened its 18,000 smaller-format store.

The company mostly operates in more rural and working-class areas and it has far more locations than Target’s TGT roughly 2,000 and Walmart’s WMT approximately 5,000. DG has thrived by carving out its own lane, while also embracing e-commerce more heavily in the last few years.

Dollar General has grown its sales by at least high single-digits for a decade, including a 22% covid-boosted climb last year. Zacks estimates call for its revenue to pop by 1.5% in fiscal 2021 and then jump another 7% higher in FY22 to reach $36.71 billion. Its adjusted earnings are projected to slip 4% this year against a hard-to-compare period and then pop 9% in FY22 to $11.14 a share.

Click to get this free report, DocuSign (DOCU): Free Stock Analysis Report, Zacks Investment Research
Image Source: Zacks Investment Research

DG shares have surged 180% in the last five years to beat its industry’s average and Walmart’s 106%. The stock has cooled down, having moved roughly sideways in the last year (up 2.5%) vs. its industry’s 27% climb.

Dollar General also trades at a 20% discount to its industry and 10% beneath its own year-long highs at 20.5X forward 12-month earnings. At around $223 a share, Dollar General trades around 7% below its highs right now.

Dollar General’s 0.75% dividend yield nearly matches its industry’s 0.82% average. Plus, Wall Street remains largely bullish on the stock despite its recent underperformance, with 14 of the 19 brokerage recommendations Zacks has at “Strong Buys.”

DG lands a Zacks Rank #3 (Hold) heading into its Q3 financial release on December 2. And investors with long-term outlooks might want to consider DG because of its ability to grow for years to come within a key retail niche.

DocuSign DOCU

DocuSign’s cloud-based suite offers over a dozen apps for e-signature, document generation, contract lifecycle management, and more. DocuSign also sells industry and department-specific solutions and it has over 350 pre-built integrations with applications such as Salesforce CRM and other huge technology players.

At a time when banking is done online, hospital records are stored electronically, and mortgages documents are signed digitally, DocuSign appears increasingly valuable. DocuSign’s revenue climbed 50% last year (its fiscal 2021) to reach $1.45 billion and roughly 40% in FY20.

Zacks estimates currently call for its FY22 sales to surge over 43% to $2.1 billion and then climb another 30% in FY23. Meanwhile, its adjusted EPS are set to soar 91% to $1.72 a share this year and then jump 25% higher next year. Plus, it’s crushed our earnings estimates by an average of 60% in the trailing four quarters.

Click to get this free report, DocuSign (DOCU): Free Stock Analysis Report, Zacks Investment Research
Image Source: Zacks Investment Research

DOCU went public in 2018 and it climbed from around $40 a share to $90 prior to the pandemic. It then soared to $200 a share by July of 2020, amid the stay-at-home boom, before moving roughly sideways for nearly a year until DOCU surged to over $300 this summer.

Overall, DocuSign has skyrocketed 490% in the past three years to blow away Salesforce and its industry. But at $243 a share, it trades 22% below its records heading into its Q3 financial release on December 2.  

Investors should know that DocuSign, which grabs a Zacks Rank #3 (Hold) right now, slipped below its 200-day moving average recently. This is a place it’s rarely stayed for long in the last few years. The recent downturn also pushed the stock near oversold RSI levels (30 or below) at 33, even as the broader tech space hovers near overbought. And 11 of the 14 brokerage recommendations Zacks has for DOCU are “Strong Buys.


Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

salesforce.com, inc. (CRM): Free Stock Analysis Report

 

Target Corporation (TGT): Free Stock Analysis Report

 

Walmart Inc. (WMT): Free Stock Analysis Report

 

Dollar General Corporation (DG): Free Stock Analysis Report

 

DocuSign (DOCU): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

 

Zacks Investment Research

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

This Crypto-Fueled Internet Collective Raised More Than $40 Million to Buy a Rare Copy of the Constitution

The United States Constitution is more than just another document: It’s the foundation upon which this entire country has been built. In the most significant possible sense, it’s what attempts to ... Read more »

Inflation in eurozone soars to 4.9% – highest on record

Photograph: François Lenoir/Reuters Some investors accuse European Central Bank to allow inflation to run out of control Inflation across the 19-member eurozone soared to 4.9% this month, outstripping City forecasts ... Read more »

Your Top 4 Questions About 2022, Answered By the World's Top Superforecasters

You may have read our story about the forecasting company Good Judgment and its worldwide team of superforecasters. We wanted to put their expertise to use for our readers, so we asked ... Read more »

You Can't Do Everything. So Do the Best With What You Have.

Repeat after me: “I will do the best work with the resources available.” Nigel Parry This has become my mantra. It isn’t sexy. It doesn’t make for a great motivational ... Read more »

Why Jim Cramer Thinks Small Business Owners Can Do More Hiring Than Firing In 2022

When I look at small, private businesses,” says Jim Cramer, “I love to hear expansion plans. It is so exciting to me to hear expansion plans.” He believes the future ... Read more »

Meet the Elite Team of Superforecasters Who Have Turned Future-Gazing Into a Science

Before January 1, 2022, will the United States Olympic Committee announce that it is boycotting the 2022 Olympics? Nicolás Ortega I am in a virtual workshop that will test my ... Read more »

5 Things the Future Holds, According to the World's Most Elite Superforecasters

You may have read our story about the forecasting company Good Judgment and its worldwide team of superforecasters. Now it’s time to put them to the test. Nicolás Ortega Their crystal ball ... Read more »

Ofgem chief Brearley: Energy suppliers need to be more resilient

The UK’s energy suppliers need to be more resilient, the boss of Ofgem has said after more than two dozen companies collapsed in the last three months. Jonathan Brearley also ... Read more »

Here's why unemployment claims hit their lowest level since 1969

Recruiters speak with potential applicants during a job fair in Leesburg, Virginia, on Oct. 21, 2021. ANDREW CABALLERO-REYNOLDS | AFP | Getty Images Claims for unemployment benefits dipped to their ... Read more »

Ofgem promises tougher stress tests for energy suppliers

Photograph: Rosemary Roberts/Alamy Regulation will need to ‘go much further’ following string of provider collapses, says regulator The energy regulator has promised to put in place tougher stress tests for ... Read more »

Exclusive-Shell eyes return to Libya with oil, gas, solar investments

FILE PHOTO: A logo for Shell is seen on a garage forecourt in central London By Ron Bousso LONDON (Reuters) – Royal Dutch Shell is considering a return to Libya ... Read more »

BoE's Mann says Omicron could hit consumer confidence

FILE PHOTO: People walk past the Bank of England, in London LONDON (Reuters) – BoE policymaker Catherine Mann said on Tuesday that the newly detected Omicron coronavirus variant could hit ... Read more »

6 Key Questions You Should Always Ask Before Investing in a Commercial Real-Estate Property

Commercial real estate is one of the most reliable investment opportunities. Many people build long-term wealth through their property investments. Cyrus McCormick, one of the wealthiest Chicagoans in history, made ... Read more »

The Use Of Recycled Plastics In Packaging Of Food And Drinks Needs To Be Re-Deliberated: Experts

LawWiser, India’s first video-only knowledge-sharing platform for the legal community, today released a consultation paper on ‘The Dilemma of Recycling Plastics in India’. The objective of this consultation paper is ... Read more »

TSB to close quarter of branches in ‘another hammer blow' to UK high street

Photograph: Neil Hall/Reuters TSB Bank is closing a further 70 branches – a quarter of its network – in a move described by campaigners as “yet another hammer blow” to ... Read more »

Base rate and mortgages: all eyes on December

Unsplash ( ) While the Bank of England base rate remains at steady low of 0.1%, the prospect of continued rock-bottom interest rates is fast diminishing. Inflation – as measured ... Read more »

Factbox-Key ECB comments in lead up to crucial Dec 16 meeting

FILE PHOTO: ECB President Lagarde takes part in a news conference, in Frankfurt FRANKFURT (Reuters) – The following are key comments by ECB policymakers in the run up to a ... Read more »

Waiting to talk finance with an aging parent in cognitive decline is a mistake, experts say

Camille Tokerud Photography Inc. | Stone | Getty Images Your elderly mother is getting forgetful and confused. What do you do now? “Waiting until a senior's decline is evident may ... Read more »

Freetrade launching in Europe: Will it become top dog?

© Provided by This Is Money MailOnline logo Viktor Nebehaj’s first encounter with Freetrade came via a Crowdcube funding campaign. In a bold move, he emptied his bank accounts to ... Read more »

Triterras (TRIT) Sees Hammer Chart Pattern: Time to Buy?

Triterras, Inc. TRIT has been struggling lately, but the selling pressure may be coming to an end soon. That is because TRIT recently saw a Hammer Chart Pattern which can ... Read more »

Is It Good Public Policy to Prop Up the Stock Market?

Should policymakers prop up the stock market when it appears to be in danger of crashing down? PIX1861 / Pixabay – Valuewalk Q3 2021 hedge fund letters, conferences and more ... Read more »

SM Energy (SM) Sees Hammer Chart Pattern: Time to Buy?

SM Energy Company SM has been struggling lately, but the selling pressure may be coming to an end soon. That is because SM recently saw a Hammer Chart Pattern which ... Read more »

Bull of the Day: Tyson Foods (TSN)

Tyson Foods (TSN) is a Zacks #1 (Strong Buy) that is the biggest U.S. chicken company. Tyson produces, distributes and markets chicken, beef, pork as well as prepared foods. – ... Read more »

4 Grocery Stocks to Buy as Omicron Variant Raises Fresh Fears

The coronavirus pandemic is far from over. Just when people were feeling confident after vaccination and stepping out of their homes or planning vacations, the Omicron variant of the coronavirus ... Read more »

Bear of the Day: Cracker Barrel Old Country Store (CBRL)

Cracker Barrel (CBRL) is a Zacks Rank #5 (Strong Sell) that is engaged in the ownership and operation of full-service restaurants with a restaurant and a retail store in the ... Read more »

2 Top Intimate Apparel Stocks to Buy, 2 to Sell

After suffering a downturn last year, the intimate apparel sector is in a rebuilding phase. The expansion of digital platforms, increase in consumer spending and pent-up demand for customized and ... Read more »

Romeo Power (RMO) Sees Hammer Chart Pattern: Time to Buy?

Romeo Power, Inc. RMO has been struggling lately, but the selling pressure may be coming to an end soon. That is because RMO recently saw a Hammer Chart Pattern which ... Read more »

Tyson Foods, Cracker Barrel, NIO, Royal Dutch Shell and Tesla highlighted as Zacks Bull and Bear of the Day

For Immediate Release Chicago, IL – November 30, 2021 – Zacks Equity Research Shares of Tyson Foods, Inc. TSN as the Bull of the Day, Cracker Barrel Old Country Store, ... Read more »

Buy This Tech Stock on the Dip Before Earnings for Big Growth?

Veeva Systems Inc. VEEV offers cloud-based solutions for the pharmaceutical and life sciences industries. The stock has crushed the broader tech sector over the last five years and its growth ... Read more »

Why You Should Add Kronos Worldwide (KRO) to Your Portfolio

Kronos Worldwide, Inc.’s KRO stock looks promising at the moment. The company’s shares have gained around 9% over the past three months. We are positive on the company’s prospects and ... Read more »

Beam Global (BEEM) Sees Hammer Chart Pattern: Time to Buy?

Beam Global BEEM has been struggling lately, but the selling pressure may be coming to an end soon. That is because BEEM recently saw a Hammer Chart Pattern which can ... Read more »

Zacks.com featured highlights include: Home Depot, CDW Corp, Landstar System and KLA Corp

For Immediate Release Chicago, IL – November 30, 2021 – Stocks in this week’s article are The Home Depot, Inc. HD, CDW Corporation CDW, Landstar System, Inc. LSTR and KLA ... Read more »

Why I Burned Down (And Rebuilt) My Online Business In 100 Days

Two steps forward, five steps back, one-and-a-half cartwheels, throw your back out, and then do it all over again tomorrow. That’s how this entrepreneurship thing works, right? If your answer ... Read more »

Lumos Alternate Investment, Gruhas Proptech To Raise INR 500 Crore Realty Fund

Gruha Proptech LLP and  Lumos Alternate Investment Advisors Pvt Ltd (Lumos) have joined hands to raise INR 500 crore for a real estate fund, focused on structured debt, last-mile funding ... Read more »

Call to reduce socialising will harm hospitality sector, warn bosses

Hospitality sector bosses have warned that messaging from health officials for people to limit socialising amid the Omicron variant of Covid-19 will have a “damaging effect on businesses”. Kate Nicholls, ... Read more »

It's premature to turn bearish based on Covid omicron variant fears, Stifel's chief economist suggests

While Wall Street is on alert as a new Covid-19 variant spreads, Stifel's chief economist is hesitant to change her economic outlook. Lindsey Piegza sees lockdown risks tied to omicron, ... Read more »

Ray Dalio says cash is not a safe place right now despite heightened market volatility

Bridgewater Associates' Ray Dalio stood by his belief that cash is not the place to be despite the volatility in the markets triggered by the new omicron Covid variant. “Cash ... Read more »

UK competition watchdog orders Meta to sell gif website Giphy

The Competition and Markets Authority said the move would protect social media users Facebook parent company Meta has been ordered by the UK competition watchdog to sell gif creation website ... Read more »

Scientists make tiny frog robots that can create new versions of themselves

(Doug Blackiston and Sam Kriegman) Robots that can replicate themselves have been developed by scientists in new breakthrough research. The miniscule biological organisms, created by scientists at Tufts University and ... Read more »

Global funds hold portfolio recommendations steady - Reuters poll

FILE PHOTO: Bull and bear symbols are seen in front of the German stock exchange (Deutsche Boerse) in Frankfurt By Tushar Goenka BENGALURU (Reuters) – Global fund management firms recommended ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic