3 Stocks To Consider Buying In December

While it’s tempting to focus solely on your holiday shopping list during December, diligent investors should also be interested in adding shares of companies that could close out the year in a big way. With the potential for a “Santa Rally” and new market leaders emerging regularly, it’s safe to say that there are plenty of great companies to watch heading into the final month of the year.

We’ve put together a list of 3 stocks to consider buying in December so that you can potentially end the year with some great new companies in your portfolio. Each one of these stocks has something different to offer and could be in for a big December and beyond. Let’s take a deeper look at them below.

h2 1. Advanced Micro Devices /h2

While technology stocks have been relatively quiet lately, companies like Advanced Micro Devices (NASDAQ:AMD) could be in for a big December. The hottest Christmas gifts this year are the latest video game systems, Sony’s Playstation 5, and Microsoft’s Xbox Series X. It just so happens that AMD’s graphics cards power both of those systems, which means that the stock could see a nice boost as the holiday sales numbers for those gaming systems start to come in. Regardless of any short-term factors, AMD is absolutely a company that investors should hold on to for the long-run.

This stock has been a top-performer in the semiconductor space this year and is up over 76% year-to-date. The stock has been consolidating since September and seems to be picking up its momentum again. It’s a strong business that continues to take market share away from major competitors like Intel (NASDAQ:INTC) thanks to its cutting-edge GPUs (Graphics Processing Units). Third-quarter sales for Costco recently reported a net income of $4 billion for FY 2020, which was a 9% year-over-year increase.

This is a company that will undoubtedly put up big numbers throughout December and it continues to grow its membership base consistently. It’s a great stock to consider owning over the long-term as it has proven to be a business that shows resilience in any market environment. With over 16 consecutive years of dividend increases, a strong balance sheet, and robust e-commerce growth, this is one of the best major retailers to consider adding. There’s also the special cash dividend of $10 per share that is payable to shareholders of record as of the close of business on December 2^nd, 2020 that makes Costco stock a strong option for investors to consider next month.

h2 3. Slack Technologies /h2

The remote work revolution has completely changed the way that the business world operates. Companies like Slack Technologies (NYSE:WORK) are at the forefront, as its team communication platform is helping millions of remote workers collaborate effectively. The platform offers a secure, enterprise-grade environment that can scale with even the largest companies in the world. Companies can connect all of their existing software tools and services to Slack and keep everyone on the same page so that no important task falls beneath the cracks.

Slack should see strong revenue growth in 2021 as more and more companies look to communication and collaboration tools in the wake of COVID-19. Back in September, Q2 revenue for the company was up 49% year-over-year to $215.9 million. Slack also added 8,000 new paid customers in Q2. The company will report its Q3 earnings on December 9^th and it will be interesting to see just how much the company has grown over the last few months. This stock is also worth watching thanks to recent news that Salesforce (NYSE:CRM) is in advanced talks to acquire Slack. A deal could be announced as soon as next week, so keep an eye on Slack in the coming days for further confirmation. Regardless of whether or not the company is acquired by Salesforce, Slack stock is still worth a look for investors that are interested in a growing provider of remote work technology solutions.

Original Post

Written By: MarketBeat.com