Market Overview

The Best Stock Ideas Of November

The Best Stock Ideas Of November

After a strong 8.3 percent gain in the month of October, the S&P 500 traded mostly flat throughout the month of November. After a mid-month dip as low as 2019, the S&P closed out the month at around the 2080 level.

The month brought some huge stock moves in both directions, as Q3 earnings reports and news of M&A deals poured in throughout November. Here’s a list of the five best-performing S&P 500 stocks in the past month.

5. Norfolk Southern Corp. (NYSE: NSC)

The number five top performer saw a huge November price spike not on earnings news, but on buyout news. Norfolk Southern’s stock jumped 11 percent on November 9 after reports surfaced that Canadian Pacific Railway Limited (USA) (NYSE: CP) was raising funds in an effort to acquire Norfolk.

Norfolk Southern closed out November up 18.0 percent on the month.

4. Plum Creek Timber Co. Inc (NYSE: PCL)

On November 9, Plum Creek’s stock jumped 12 percent following news of a $8.4 billion buyout by Weyerhaeuser Co (NYSE: WY).

Plum Creek finished November up 25.6 percent on the month.

3. Illumina, Inc. (NASDAQ: ILMN)

Illumina marked a grand arrival to the S&P 500 by finishing the month as one of the index’s top performers. When it was announced on November 13 that Illumina would be joining the S&P 500, the company’s shares surged 7.9 percent.

Illumina finished November up 26.2 percent.

2. Qorvo Inc (NASDAQ: QRVO)

Qorvo is the biggest earnings mover on this month’s list. Qorvo jumped 12 percent when the company beat Q3 earnings expectations and announced a new $1 billion share repurchase program.

Qorvo finished the month of November up 32.5 percent.

1. Airgas, Inc. (NYSE: ARG)

On November 17, Airgas announced a $13.4 billion merger with Air Liquide at a buyout price nearly 50 percent higher than Airgas’s one-month average share price. The stock ultimately climbed 42.7 percent in November.

Year-to-date, however, digital video giant Netflix, Inc. (NASDAQ: NFLX) remains the top performer in the S&P 500, gaining 152.7 percent so far in 2015.

Disclosure: the author holds no position in the stocks mentioned.


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