2 Growth Stocks to Buy Hand Over Fist Before November

Core Insights - The earnings season for the quarter ending September has started strong, with 79% of S&P 500 companies beating expectations [1] - Duolingo and Bill.com are highlighted as companies with a track record of consistently exceeding their forecasts, with upcoming earnings reports on November 6 and November 7 respectively [1] Duolingo - Duolingo is the largest digital language education platform globally, boasting 103.6 million monthly active users (MAU) as of Q2 2024, a 40% increase year-over-year [2] - The company generated $178.3 million in revenue during Q2 2024, reflecting a 41% growth and surpassing its guidance range, leading to an increased full-year revenue forecast of $738.3 million [2] - A new AI-powered subscription, Duolingo Max, is expected to enhance revenue growth, with features like personalized feedback and AI chatbot interactions [3] - Q3 revenue expectations are between $186.7 million and $189.7 million, with significant profitability growth of 554% year-over-year in Q2 [4] - Duolingo's stock is trading at an all-time high with a price-to-sales (P/S) ratio of 20.9, above its historical average, but long-term growth could justify the valuation [4] Bill.com - Bill.com provides software solutions for small and mid-sized businesses (SMBs) to streamline financial workflows [5] - The company has consistently beaten revenue guidance throughout fiscal 2024 and is expected to continue this trend in Q1 fiscal 2025 [6] - Bill.com's flagship product is a cloud-based digital inbox for invoice management, which integrates with major accounting software [6] - The company serves 474,600 business customers, with a significant addressable market of over 70 million SMBs globally [7] - Bill.com generates revenue primarily through transaction fees, having processed over $1 trillion since 2018, against a global B2B payment volume of $125 trillion annually [8] - The stock is currently trading 83% below its all-time high, with a P/S ratio of 4.6, indicating a potentially attractive buying opportunity given its growth prospects [8]