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Top Stock Picks for Week of October 23, 2023

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Cameco Corporation (CCJ - Free Report) is one of the world's largest uranium producers, a significant supplier of conversion services and one of two CANDU fuel manufacturers in Canada.Cameco Corp has been progressing in its endeavors to lower administration, exploration as well as operating costs, and capital expenditures. The company supplies uranium products to nuclear power utilities around the world, playing a crucial role in supporting the global nuclear energy industry. Cameco delivered positive earnings surprises in five of the past seven quarters. CCJ has a market capitalization of $17.3 billion. Its shares have gained 57.1% over the past year compared with the industry’s growth of 23.4%. Cameco is benefiting from the tremendous momentum in the nuclear energy business and the increasing supply risk induced by geopolitical changes.

Meta Platforms (META - Free Report) is the world’s largest social media platform. Meta is benefiting from steady user growth across all regions, particularly Asia Pacific. Increased engagement for its offerings like Instagram, WhatsApp, Messenger and Facebook has been a major growth driver. The company is leveraging AI to recommend Reels content, which is driving traffic on Instagram and Facebook. Its innovative portfolio, which includes Threads, Reels and Llama 2, is likely to aid prospects. We expect revenues to witness a CAGR of 12.2% between 2022 and 2025. Advertising revenues are expected to witness a CAGR of 12.5% per our model estimate.Meta has a strong balance sheet and generates significant cash flow, which makes it an attractive stock for investors. 


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