With the US Presidential election right upon us, the stock market may make some positive movements over the next few days. Inflation in the US has also significantly reduced over the last two years. The Federal Reserve will likely cut interest rates by another 25 basis points in November after a 50 basis point reduction in September.

The developments could significantly raise investor confidence, which in turn would raise share value. Let’s examine three company shares that Forbes considers worth considering in November 2024.

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Top 3 Stocks You Should Watch In November, According To Forbes

1. The Vita Coco Company, Inc. (COCO)

The Vita Coco Company went public in 2021. It sells coconut water, coconut oil, and other coconut-related products. The company has witnessed stellar growth over the last few years, and its stock’s value has also substantially risen.

Forbes predicts a 104.1% earnings per share (EPS) in five years and a 313.6% EPS in the current one-year period.

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2. Nvidia (NVDA)

Nvidia has witnessed an incredible growth over the last year. The company has made significant developments in the AI chip-making sector. With AI taking center stage globally, Nvidia is expected to continue its upward trajectory. The company’s stock is also predicted to grow.

Forbes predicts a 46.5% EPS in five years and a 521.4% 1-year EPS forecast.

3. Meta Platforms, Inc. (META)

Facebook, Instagram, and WhatsApp’s parent company, Meta, faced significant hurdles last year when its massive investment in the Metaverse did not bear the desired fruit. Despite its ups and downs, Meta remains a solid tech stock.

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Forbes predicts META will hit a 30.0% EPA in the next five years and a 115.4% EPA for the current one-year period.