Best Income Stocks to Buy for November 12th

Here are three stocks with buy rank and strong value characteristics for investors to consider today, November 12:

Honda Motor Co., Ltd. HMC: This automobile company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.7% over the last 60 days.

Honda Motor Co., Ltd. Price and Consensus

Honda Motor Co., Ltd. price-consensus-chart | Honda Motor Co., Ltd. Quote

Honda Motor has a price-to-earnings ratio (P/E) of 5.83 compared with 9.00 for the industry. The company possesses a Value Score of B.

Honda Motor Co., Ltd. PE Ratio (TTM)

Honda Motor Co., Ltd. pe-ratio-ttm | Honda Motor Co., Ltd. Quote

Gold Fields Limited GFI: This gold mining company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.8% over the last 60 days.

Gold Fields Limited Price and Consensus

Gold Fields Limited price-consensus-chart | Gold Fields Limited Quote

Gold Fields Limited has a price-to-earnings ratio (P/E) of 14.06 compared with 24.27 for the S&P. The company possesses a Value Score of A.

Gold Fields Limited PE Ratio (TTM)

Gold Fields Limited pe-ratio-ttm | Gold Fields Limited Quote

Grupo Financiero Galicia S.A. GGAL: This financial service holding company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days.

Grupo Financiero Galicia S.A. Price and Consensus

Grupo Financiero Galicia S.A. price-consensus-chart | Grupo Financiero Galicia S.A. Quote

Grupo Financiero Galicia has a price-to-earnings ratio (P/E) of 6.59 compared with 10.00 for the industry. The company possesses a Value Score of A.

Grupo Financiero Galicia S.A. PE Ratio (TTM)

Grupo Financiero Galicia S.A. pe-ratio-ttm | Grupo Financiero Galicia S.A. Quote

See the full list of top ranked stocks here.

Learn more about the Value score and how it is calculated here.

Zacks Investment Research

Meme cryptocurrency Dogecoin is soaring in price and valuation, up more than 80% in the past week and setting new 52-week highs.

With the latest push in valuation, Dogecoin passed the valuation of some well-known global companies.

What Happened: Dogecoin was created in 2013 by Jackson Palmer and Billy Markus, meant as a joke and as a satirical coin to mock Bitcoin .

While Dogecoin trails Bitcoin in value at $47.7 billion to $1.72 trillion based on current market capitalizations, the accomplishments of increasing that much in value are no laughing matter.

With its current market capitalization of $47.7 billion at the time of writing, Dogecoin would rank as the 428th largest company in the world, according to companiesmarketcap.com.

Here is a look at some well-known companies that are worth less than Dogecoin is Monday:

• Occidental Petroleum : $47.6 billion
• Volkwagen : $46.3 billion
• Nasdaq : $45.7 billion
• Keurig Dr Pepper : $44.9 billion
• Ford Motor Company : $44.7 billion
• Heineken : $44.1 billion
• Kroger : $43.2 billion
• Adidas : $42.5 billion
• Honda Motor Company : $42.5 billion
• Delta Air Lines : $40.9 billion
• Kraft Heinz Company : $39.4 billion
• Lululemon Athletica : $39.1 billion
• Yum! Brands : $38.2 billion
• 7-Eleven: $37.3 billion
• Roblox Corporation : $35.7 billion

There you have it, 15 companies you've likely heard of now worth less than Dogecoin. Years ago, it was likely unimaginable that the joke cryptocurrency would become larger than companies like Ford and Adidas, but here we are.

Read Also: Here’s How Much $100 In Dogecoin Today Could Be Worth If DOGE Hits New All-Time Highs

What's Next: The cryptocurrency sector has been enjoying a surge in valuation and interest since the 2024 election with Dogecoin far from the only cryptocurrency trading higher.

Bitcoin hit several new all-time highs on Monday and is currently trading over $87,000.

Dogecoin hit a one-year high of $0.3278 on Monday and currently trades at $0.3251. While the cryptocurrency is up over 100% in the last seven days, Dogecoin trades below its all-time high which was previously set back in May 2021.

Dogecoin's current all-time high stands at $0.7376, a level reached on the same day Elon Musk appeared on an episode of "Saturday Night Live" and gave the meme crypto several shout-outs.

Musk's call to be in charge of the Department of Government Efficiency, or D.O.G.E. under President-elect Donald Trump has increased attention on Dogecoin.

Read Next:

• If You Invested $100 In Dogecoin When Elon Musk First Tweeted About The Meme Crypto, Here’s How Much You’d Have Today

Photo: Executium via Unsplash

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.8%.

In corporate news, Chipotle Mexican Grill shares rose 0.9% after the company said Monday it has named Scott Boatwright as its permanent chief executive.

Tesla's shares jumped nearly 9% in recent Monday trading, extending its rally after Donald Trump's victory in Tuesday's election. Tesla's AI opportunity will likely get fast-tracked under a Trump administration, Wedbush said Monday. The brokerage lifted its target price on the company to $400 from $300 and reiterated an outperform rating.

Honda is facing an investigation of more than 1.4 million vehicles following reports of severe engine issues, the National Highway Traffic Safety Administration said Monday. Honda shares were rising 0.6%.

Aramark reported higher fiscal Q4 results on Monday as fans spent more in sports stadiums and inflation steadied, driving an 11% increase in its dividend and a forecast for earnings and revenue growth in the current year. Its shares were falling 1.1%.

Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 1.7%.

In corporate news, Honda is facing an investigation of more than 1.4 million vehicles following reports of severe engine issues, the National Highway Traffic Safety Administration said Monday. Honda shares were rising 0.7%.

When Kamala Harris lost the 2024 U.S. election last week, these ten large-cap stocks were the worst performers.

• Moderna, Inc. shares dipped 12.53% last week despite a third-quarter earnings beat due to a weak vaccine demand slowdown. Several analysts lowered their price forecast on the stock.
• Honda Motor Company, Ltd. stock tumbled 11.46% on a decline in the first-half profit and reduced annual profit forecast.
• Akamai Technologies, Inc. shares declined 10.67% after the company revised its FY24 guidance.
• Advanced Drainage Systems, Inc. stock fell 10.53% after it reported worse-than-expected second-quarter results and cut its FY25 net sales outlook.
• AstraZeneca PLC shares decreased 9.72% following a report suggesting that the company’s insurance fraud involved senior executives in China.
• Pinterest, Inc. stock was down 9.60% after the company reported third-quarter results, and several analysts cut the price forecast on the stock.
• MercadoLibre, Inc. shares fell 9.29% after it reported third-quarter financial results.
• First Solar, Inc. stock declined 8.64%, probably due to Donald Trump’s presidential election victory. Investors may be assessing Trump’s policies regarding solar and renewable energy.
• POSCO HOLDINGS INC. shares were down 8.42%.
• Floor & Decor Holdings, Inc. stock fell 8.22%.

Also Read:

• Donald Trump Victory Week (Nov 4-8): These Large Cap Stocks Were Biggest Gainers

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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.