My 2 best US growth stocks to buy in November

I’ve just bought two US growth companies on my best stocks to buy now list, and I think they’re still terrific long-term bargains right now.

| More on:

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

Fireworks display in the shape of willow at Newcastle, Co. Down , Northern Ireland at Halloween.

Image source: Getty Images

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

Even after many US stocks have drastically increased so far this year, I’m still hunting for the best to buy and hold for the long term. And with a fresh earnings season revealing stronger performance on the back of improving economic conditions, a lot of new growth could be just around the corner.

I’ve already started topping up some of my existing portfolio positions as well as opening new ones. So, here are two of my latest stock purchases.

The powerhouse behind pharmaceuticals

Veeva Systems (NYSE:VEEV) is not a household name. But in the world of pharmaceuticals, it’s the platform that powers almost all of modern drug development. Veeva’s platform provides a comprehensive suite of applications designed to streamline the research and commercialisation processes of medicine while simultaneously ensuring regulatory compliance.

Should you invest £1,000 in Big Yellow Group Plc right now?

When investing expert Mark Rogers has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for nearly a decade has provided thousands of paying members with top stock recommendations from the UK and US markets. And right now, Mark thinks there are 6 standout stocks that investors should consider buying. Want to see if Big Yellow Group Plc made the list?

See the 6 stocks

It’s effectively the Salesforce of the life sciences industry. And it’s used by 47 of the world’s 50 largest pharma companies including AstraZeneca and GSK. With revenue and earnings increasing by an average of 22% per year since 2019, the firm’s growth has been impressive. But more importantly, it’s been pretty consistent – a trend I expect to continue, given its industry-standard status.

However, one big risk I’m watching carefully is the recent announcement of Salesforce’s new life sciences CRM solution. Many of Veeva’s customers are still using the group’s old CRM system, which was built from the Salesforce platform.

The firm is currently migrating clients to its new proprietary Vault CRM to remove this dependency by 2030. However, if Salesforce’s new solution serves as a viable alternative, customers being forced to migrate might decide to switch sides instead.

Yet, replicating Veeva’s capabilities is no easy task, neither is penetrating its 85% global market share. That’s why, despite the rising competitive risk, I remain optimistic for the long run. And subsequently, I’ve just added more shares to my portfolio this month.

A fintech comeback story

During the 2022 stock market correction, PayPal (NASDAQ:PYPL) shares were hit hard, and more than 75% of the firm’s market cap was wiped out. While I think the sell-off was a bit overblown, there was some justifiable cause for concern both surrounding its valuation and bad communication from management.

Yet the shares are actually up 50% since July 2024. The recent third-quarter results were a bit of a mixed bag as revenue fell just short of expectations. However, they also revealed significant improvements in margins.

Total payment volume increased by 9% during the three-month period to $423bn, driven largely by increased activity among existing customers. This also translated into expanding profitability, enabling earnings per share to jump 22%, beating expectations.

It seems management’s tactics of maximising the value of its existing user base are creating value. And its also capitalised on its depressed valuation with $1.8bn in share buybacks.

There are still some important factors to keep an eye on. While overall profitability has increased, transaction margins are still facing the pressure of intense competition. And with the expected 2025 IPO of Revolut, among other new fintechs, this is a threat that’s not likely to disappear any time soon.

Nevertheless, with PayPal shares trading at a forward price-to-earnings ratio of just 18.2, the growth stock is priced attractively, in my opinion. That’s why it’s on my buy list and why I’ve just bought more.

5 Shares for the Future of Energy

Investors who don’t own energy shares need to see this now.

Because Mark Rogers — The Motley Fool UK’s Director of Investing — sees 2 key reasons why energy is set to soar.

While sanctions slam Russian supplies, nations are also racing to achieve net zero emissions, he says. Mark believes 5 companies in particular are poised for spectacular profits.

Open this new report5 Shares for the Future of Energy — and discover:

  • Britain’s Energy Fort Knox, now controlling 30% of UK energy storage
  • How to potentially get paid by the weather
  • Electric Vehicles’ secret backdoor opportunity
  • One dead simple stock for the new nuclear boom

Click the button below to find out how you can get your hands on the full report now, and as a thank you for your interest, we’ll send you one of the five picks — absolutely free!

Grab your FREE Energy recommendation now

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

Zaven Boyrazian has positions in PayPal and Veeva Systems. The Motley Fool UK has recommended AstraZeneca Plc, GSK, PayPal, Salesforce, and Veeva Systems. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Pound coins for sale — 51 pence?

This seems ridiculous, but we almost never see shares looking this cheap. Yet this recent ‘Best Buy Now’ has a price/book ratio of 0.51. In plain English, this means that investors effectively get in on a business that holds £1 of assets for every 51p they invest!

Of course, this is the stock market where money is always at risk — these valuations can change and there are no guarantees. But some risks are a LOT more interesting than others, and at The Motley Fool we believe this company is amongst them.

What’s more, it currently boasts a stellar dividend yield of around 8.5%, and right now it’s possible for investors to jump aboard at near-historic lows. Want to get the name for yourself?

See the full investment case

More on Investing Articles

artificial intelligence investing algorithms
Investing Articles

Up 272% in just a year, is Palantir stock just getting started?

This writer recognises that Palantir has grown its business very well -- but does the stock price offer him an…

Read more »

Runner standing at the starting point with 2025 year for starting in new year 2025 to achieve business planing and success concept.
Investing Articles

Up 50%? The Aston Martin share price forecast is mind-blowing! 

If analysts are right, the Aston Aston Martin share price could absolutely rocket in the year ahead. Harvey Jones says…

Read more »

Investing Articles

As the S&P 500 drops, here are 2 Stocks and Shares ISA holdings I’m watching

Our writer has different views on how President Trump's tariffs might affect these two US holdings in his Stocks and…

Read more »

Surprised Black girl holding teddy bear toy on Christmas
Investing Articles

£10,000 invested in Tesla stock at Christmas is now worth…

Tesla stock has been one of best-performing investments of the past decade. But things haven't gone to plan for investors…

Read more »

Investing Articles

Up 279% in 5 years, could Meta stock keep soaring?

Meta stock has more than tripled in five years. This writer sees lots to like about the business but also…

Read more »

Pink 3D image of the numbers '2025' growing in size
Investing Articles

25% total return in a year? Is now the perfect time to buy BP shares?

BP shares are on the front line of today's global economic and political uncertainty but analysts think they can still…

Read more »

Affectionate Asian senior mother and daughter using smartphone together at home, smiling joyfully
Investing Articles

With Cash ISA changes coming, could now be the time to consider buying shares?

Changes to the Cash ISA could lead to greater investment in the stock market. This could be a good thing…

Read more »

Investing Articles

These FTSE 100 dividend shares just got cheaper, thanks to President Trump!

Investors buying dividend shares can lock in bigger long-term yields when share prices take a tumble. These two just did…

Read more »