December 2024 Stock Watch List

As I'm writing this blog post, it's currently Friday, November 8th. The high temperature here in Central Wisconsin is set to reach 55 degrees Fahrenheit today, so that's not too shabby for this time of the year. 

I have already made my purchases for the month of November. Thus, now would be a good time to look ahead to the stocks on my watch list for next month.

Stock #1: Amazon (AMZN)

The first stock on my watch list for December is Amazon. I just upped my stake in AMZN last month after it was on my October 2024 Stock Watch List and remain confident enough after Q3 earnings to add more soon.

AMZN's growth profile remains exceptional. The balance sheet is firmly A-rated. Not to mention that shares look to still offer intriguing value from the current $208 share price (as of November 8th, 2024).

Stock #2: Meta Platforms (META)

The next stock on my watch list for next month is Meta Platforms. After having purchased META earlier this month and in September, I'm bringing it back again.

Like AMZN, META's Q3 earnings impressed me. The social media network continues to expand. As AI is further integrated into the business, META should be able to fetch higher ad prices. The 0.3% dividend yield is well-covered and leaves ample opportunity for future growth. The stock also appears to be a decent value from the current $588 share price (as of November 8th, 2024).

Stock #3: MPLX LP (MPLX)

The final stock on my watch list for December 2024 is MPLX LP. Nothing has really changed with the investment thesis in recent months. It's just business as usual. If anything, I was really impressed by the recent 12.5% distribution hike. The distribution is secure and units look at bit discounted here at $46 (as of November 8th, 2024).

Concluding Thoughts:

There you have it. Three more blue-chip stocks that I'm glad to own and excited to buy more of next month. My asset allocation for next month will likely be around 35% value via MPLX and 65% growth via AMZN and META. For my needs, this is a nice blend of income and growth.

Discussion:

Are any of AMZN, META, or MPLX on your watch list for December 2024?

If not, what are you watching during the month?

Thank you for your readership and please feel free to comment below!