With October in the rearview, it’s been a challenging few weeks for the market. Both the S&P 500 and Dow Jones Industrial Average saw their five-month winning streaks come to an end, notching losses amidst a flurry of earnings reports. But there’s a silver lining—earnings season is shaping up to be stronger than expected, with around 72% of S&P 500 companies already reporting and about three in four surpassing analysts’ forecasts.
Amid these mixed signals, November brings fresh opportunities to the table. This month, we’re focusing on three stocks that offer a blend of growth, income, and value. These picks include a mix of high-growth potential, solid income, and strategic positioning, making each an appealing choice in today’s market environment.
Carvana (NYSE: CVNA) – High Gear Growth
Carvana has been a breakout story this year, skyrocketing over 330% as it captures market share and posts impressive earnings. Analysts are optimistic about its continued growth, with a median price target of $240, suggesting another 8% upside from current levels. Carvana recently boosted its full-year forecast for 2024, with expectations that adjusted EBITDA will land “significantly above” prior projections of $1 billion to $1.2 billion. In a market that rewards growth stories, Carvana stands out with its momentum and strong guidance.
Regency Centers (NASDAQ: REG) – Quality Real Estate Growth
Regency Centers joins our list as a growth and income pick for November, thanks to its high-quality portfolio and solid growth trajectory. The stock has already climbed over 7% this year, and analysts see further upside with an average price target of $78—a 9% increase from its current price. With an overweight rating from major banks, Regency’s combination of internal and external growth drivers makes it a standout in the real estate sector, where stability and steady returns are especially valuable.
Exxon Mobil (NYSE: XOM) – Primed for a Breakout
Exxon Mobil has been consolidating in a narrow range since hitting $117 earlier this year, and it looks primed for a breakout. A potential move to $128 could be on the horizon, especially as Exxon has shown resilience, rising from a low of $33 during the 2020 Covid-19 downturn. Known for its dividend stability, Exxon yields an attractive 3.39%, well above the S&P 500 average of 1.29%. With 46 years of consecutive annual dividends and a commitment to shareholders, Exxon provides income-focused investors with both reliability and upside potential. This setup makes it a compelling choice for anyone seeking defensive positioning alongside growth potential.
