TOM LEE: "BUY THESE 7 STOCKS IN 2024 AND NEVER WORK AGAIN"

Summary

Tom Lee shares his top ten stock picks for November, featuring five large-cap stocks—Nvidia, Meta, Amazon, Tesla, and Uber—and five small to medium-cap stocks, including Palantir, AppLovin, MicroStrategy, TG Therapeutics, and Mankind Corporation. While he supports the large-cap selections for their growth potential, he critiques Uber for its low stock MVP score and high debt. Among the small caps, he expresses strong bullishness on Palantir and AppLovin, highlighting their impressive growth metrics. Lee emphasizes the importance of long-term investing and encourages viewers to conduct their own analysis.

Takeaways

• 😀 Tom Lee recommends 10 stocks to buy in November, split into large cap and small to medium cap categories.
• 📈 The large cap stocks include Nvidia, Meta, Uber, Amazon, and Tesla, with Amazon being a new addition.
• 🔍 Nvidia, Meta, Amazon, and Tesla are viewed positively, with high scores on the stock MVP scorecard.
• 🚫 Uber scores only 65 and faces significant operational challenges, leading to criticism from the analyst.
• 💼 Small to medium cap stocks feature Palantir and AppLovin as the only survivors from previous recommendations.
• 📊 MicroStrategy is considered more of a leveraged Bitcoin play than a traditional business.
• 💡 Palantir is projected to be a $500 stock in the next decade, though it carries a high valuation risk.
• 📉 DG Therapeutics and Mankind Corp have low scores (50 and 55) and are not recommended due to poor fundamentals.
• 📅 Long-term investing is emphasized as a 'cheat code' for wealth accumulation, highlighting the importance of patience.
• 💰 Dollar-cost averaging into strong companies or index funds is suggested as a reliable wealth-building strategy.

Q & A

What are the five large-cap stocks recommended by Tom Lee for November?

The five large-cap stocks are Nvidia, Meta, Uber, Amazon, and Tesla.

What is the key reason for excluding Uber from the recommended stocks?

Uber scores only 65 on the stock MVP scorecard, indicating a poor outlook due to low margins, high debt, and fundamental business model issues.

Which large-cap stock has the highest score on the stock MVP scorecard?

Meta has the highest score at 95, indicating strong potential for growth.

What are the price targets for Nvidia based on the analysis?

The price target for Nvidia ranges from $280 in the bear case to $700 in the bull case over the next five years.

What is the significance of the Rule of 40 for evaluating companies?

The Rule of 40 combines a company's free cash flow margin and growth rate, with a score of 40 or higher indicating strong performance.

Which small to medium-cap stocks are highlighted in the analysis?

The small to medium-cap stocks highlighted are Palantir and AppLovin.

How does MicroStrategy's business model differ from traditional evaluations?

MicroStrategy operates as a triple-leverage ETF of Bitcoin, making it difficult to evaluate using traditional fundamental analysis.

What is the recommended investment strategy discussed in the video?

The strategy involves dollar-cost averaging into good companies or the S&P 500 over a long-term period to build wealth.

What is the forecast for Palantir's stock price in the next 10 years?

The forecast suggests Palantir could reach $500 in the next 10 years based on its growth potential.

What does the speaker suggest about the mindset of long-term investors?

Long-term investors should focus on the underlying business fundamentals and remain patient through market volatility, as time in the market is advantageous.