2 Best-Performing Stocks in November 2022
hese are two of the best stocks that did well in the last concluded month.
Precious Njoku is a Financial Writer with extensive knowledge about the stock market.
2022-12-03 11:30

The stock market had a rough start in November and hasn't recovered much since. With inflation a major concern, the Federal Reserve raised interest rates significantly earlier this month and hinted at further significant increases in the future. A silver lining exists for patient investors even though macroeconomic pressures dampen bullish sentiment.
2 Best-Performing Stocks in November 2022
Even though a wide variety of risks is shaping the market, this year's big sell-offs have pushed the prices of some great companies down to levels that still allow for significant long-term growth. These are two of the best stocks that did well in the last concluded month.

1. Apple (NASDAQ: AAPL)
Apple tops the list as the best-performing stock in November. The company's stock rose by 25% for the month, and its newest product, the iWatch—which sold over half a million units in its first month on the market—was one of several factors that led to this impressive performance.

The iWatch's release also coincided with reports that Apple (NASDAQ: AAPL)had offered to acquire Tesla (NASDAQ: TSLA) Motors for $3 billion (a large sum but not all that surprising given Elon Musk's many recent successes). Although there has been no confirmation from either party about whether or not these negotiations are still going on as we write this article, both companies would likely continue to work together if they can find common ground in their visions for electric cars and self-driving technology.

2. Take-Two Interactive (NASDAQ: TTWO)
Movies in the Star Wars and Marvel Cinematic Universes would likely top the list of most profitable entertainment products if people were asked to name the most profitable product of all time. It has been determined that Grand Theft Auto V, published by Take-Two Interactive and released in 2013, has been the most financially successful entertainment release of all time.

Despite the success of movies and television shows, nothing competes with video games regarding consumer engagement, activity, and spending. With 170 million copies sold, Grand Theft Auto V earned billions of dollars. However, that's only part of what contributed to the game's success.

The game has an online component, with its virtual currency that players have invested billions of dollars. This online multiplayer component has been consistently popular, which has boosted Take-bottom Two's line. The success of GTA V, combined with the company's other franchise games like NBA 2K and Red Dead Redemption, has propelled Take-Two into sustainable business strategies. Take-Two is currently developing yet another mainline Grand Theft Auto game, which has the potential to usher in a new period of expansion for the company.

Take-Two's business model appears to be less cyclical than it did a decade ago, thanks to the expansion of its flagship franchises and the company's recent purchase of mobile games publisher Zynga. Still, the GTA series is crucial to the company's success, and the release of GTA VI in the next few years should result in significant revenue and profit increases.

At its current price of around 23 times the expected earnings for the year, Take-Two stock is a good buy ahead of a significant positive performance catalyst.

Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

Rate this article

Published On
2022-12-03 11:30

About the Author
Precious Njoku is a Financial Writer with extensive knowledge about the stock market.

You've read 1 article in the last year
..thank you for supporting us and for visiting our site. Unlike many other sites, The Dog of Wall Street is available for everyone to read. Our focus is to provide great content for free. Do you like what we are doing? Buy us a cup coffee. It is the fuel that keeps us going..

AI-mazing returns: The top 3 AI stocks to invest in now!
Don't miss out on the opportunity to invest in these cutting-edge companies and be a part of the future of AI.
By Staff | 2 weeks ago

Goldman Sachs Trims the Fat with 3,200 Job Cuts
Goldman Sachs is cutting approximately 3,200 jobs from its core banking and trading units.
By Staff | 4 weeks ago

Tilray Q2 Earnings Leave Investors Wanting More
While Tilray has maintained its leading market share in the recreational cannabis market in Canada and the medical cannabis market in Europe, its Q2 earnings, which included a loss per share of -$0.11 and an adjusted loss per share of -$0.06, have left investors questioning the company's future growth prospects.
By Staff | 4 weeks ago

Qualcomm's partnership with Iridium takes connectivity to new heights
Qualcomm's partnership with Iridium brings satellite-based messaging technology to phones, laptops and other devices, providing new opportunities for connectivity in any location.
By Staff | 4 weeks ago

Hologic's Fiscal Q1 2023 Earnings: A Ray of Hope in a Stormy Year
Hologic has managed to achieve impressive financial results in Fiscal Q1 2023.
By Staff | 4 weeks ago

Why Small and Mid-Cap Stocks Deserve Your Attention
Why valuations make small and mid-cap stocks an attractive option in a potential recession.
By Staff | 4 weeks ago

Get Ready for a Bumpy Year
Despite strong job creation numbers, deeper issues lurk beneath the surface as the Federal Reserve's rate hikes and high inflation threaten to derail the economy.
By Staff | 4 weeks ago