Throughout August, the general stock market largely traded in positive territory, with specific equities standing out. However, as September begins, several stocks will likely attract significant buying pressure, which could increase their market capitalization.
Notably, one of the coveted market cap targets is reaching the $500 billion mark. In this context, Finbold has identified two stocks likely to hit this milestone in September.
Both companies are on a growth trajectory that could see them join the elite club of companies with a market cap of half a trillion dollars.
Picks for you
Mastercard (NYSE: MA)
Mastercard (NYSE: MA), currently boasting a market cap of approximately $446 billion, remains a payment industry leader. The company has seen consistent growth, fueled by the ongoing expansion of digital payments worldwide. To reach a $500 billion market cap, Mastercard would need to grow by roughly 12.1% from its current level.
Several factors support Mastercard’s potential surge, including its strategic investments in technology and cybersecurity, which have strengthened its position against competitors and ensured the security and efficiency of transactions.
These elements enable Mastercard to capitalize on the rise of cashless transactions, a trend that is propelling the business forward and is expected to continue.
Mastercard’s growing presence in emerging markets, particularly in Asia and Africa, opens new revenue streams as more consumers and businesses adopt digital payment solutions. Moreover, the company’s recent partnerships with fintech firms and expansion into cryptocurrency transactions are expected to boost its growth further.
Indeed, the company has been on a growth trajectory, as highlighted by its earnings for Q2 2024. For instance, Mastercard reported adjusted earnings of $3.59 per share, surpassing estimates by 2.3%. The company also reported net revenue of $7 billion, up from $6.3 billion in Q2 2023.
Year-to-date, MA has rallied over 14%, trading at $483 at the time of writing.
Procter & Gamble (NYSE: PG)
Procter & Gamble (NYSE: PG), with a market cap of approximately $403 billion, is another heavyweight on the verge of reaching a $500 billion market cap. The consumer goods giant, known for its portfolio of brands like Tide, Pampers, and Gillette, has maintained a stable and growing market presence despite economic challenges.
To hit the $500 billion mark, Procter & Gamble would need to grow about 24.1%. P&G’s growth is supported by its strong pricing power, innovation pipeline, and strategic focus on high-growth categories.
The company’s ability to pass on rising costs to consumers without significantly impacting demand has bolstered its financial performance. Additionally, P&G’s focus on sustainability and environmentally friendly products resonates with increasingly conscious consumers, driving brand loyalty and sales.
The company’s recent earnings report showed margin expansion, which has reassured investors about its long-term potential.
At the time of writing, the stock was trading at $171, with 15% year-to-date gains.
Both Mastercard and Procter & Gamble have shown strong performance and resilience, making them prime candidates to reach the $500 billion market cap in September. While market conditions remain uncertain, these companies’ strategic initiatives and growth potential are likely to drive investor confidence, pushing their valuations to new heights.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
