On Friday, Oct. 25, stocks ended the day in a crescendo of buying that sent the S&P 500 to a new record closing high. The Nasdaq closed at another 13-year high, and the Russell 2000 also set a record high.
Concerns for the economy caused by a drop in durable goods orders and disappointing jobs numbers led investors to conclude that the Federal Reserve will continue to pump money into the economy through its asset-purchase program. Many money managers believe that the Fed’s bond buying, under a new Fed chairman, will not only extend into 2014 but possibly even longer.
Higher revenues than expected and earnings surprises are propelling the Dow Jones Industrial Average. The senior index, which has thus far trailed the more aggressive indices, now appears capable of joining the youngsters in a full-fledged breakout. And if that occurs, we could see a dramatic rise in the blue chips. This month’s list of stocks to buy includes some well-established industry leaders.
Here are your top stocks to buy for November: