2 Stocks to Hit $500 Billion Market Cap in September

Throughout August, the overall stock market largely traded in positive territory, with specific stocks standing out. However, as September begins, several stocks are likely to attract significant buying pressure, which could boost their market capitalization.

Interestingly, one of the desired market capitalization goals is to reach $500 billion. In this context, Finbold identified two stocks that are likely to reach this milestone in September.

Both companies are on a growth trajectory that could allow them to join the elite club of companies with a market capitalization of half a trillion dollars.

Mastercard (NYSE:MA)

Mastercard (NYSE: MA), currently boasting a market capitalization of approximately $446 billion, remains a leader in the payments industry. The company has experienced steady growth, driven by the ongoing expansion of digital payments around the world. To reach a market capitalization of $500 billion, Mastercard would need to grow by approximately 12.1% from its current level.

There are several factors behind Mastercard’s potential growth in popularity, including strategic investments in technology and cybersecurity, which have strengthened its position over competitors and ensured the security and efficiency of transactions.

These elements enable Mastercard to capitalize on the growing popularity of cashless transactions, a trend that is driving the company’s growth and is expected to continue.

Mastercard’s growing presence in emerging markets, particularly in Asia and Africa, is opening up new revenue streams as more consumers and businesses adopt digital payment solutions. In addition, the company’s recent partnerships with fintech firms and expansion into cryptocurrency transactions are expected to further boost its growth.

Indeed, the company is on a growth trajectory, as highlighted by its Q2 2024 earnings. For example, Mastercard reported adjusted earnings of $3.59 per share, beating estimates by 2.3%. The company also reported net income of $7 billion, up from $6.3 billion in Q2 2023.

The MA is up over 14% year to date and is trading at $483 at the time of writing.

Procter & Gamble (NYSE:PG)

Procter & Gamble (NYSE: PG), with a market cap of about $403 billion, is another heavyweight on the cusp of hitting $500 billion in market capitalization. The consumer goods giant, known for its portfolio of brands like Tide, Pampers and Gillette, has maintained a steady and growing presence in the market despite economic challenges.

To reach $500 billion, Procter & Gamble would need to grow by about 24.1%. P&G’s growth is supported by a strong market position, innovative solutions and a strategic focus on high-growth categories.

The ability to pass on rising costs to consumers without significantly impacting demand has boosted its financial performance. In addition, P&G’s focus on sustainability and environmentally friendly products is resonating with increasingly conscious consumers, driving brand loyalty and sales.

The company’s latest earnings report showed margin growth, reassuring investors about its long-term potential.

At the time of writing, the stock was trading at $171, representing a 15% year-over-year increase.

Both Mastercard and Procter & Gamble have demonstrated strong performance and resilience, making them prime candidates to reach a $500 billion market capitalization in September. While market conditions remain uncertain, the strategic initiatives and growth potential of these companies are likely to boost investor confidence, driving their valuations to new highs.

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