I'd like to hear what 3 stocks you guys are looking to buy/watch in November. Many of us here swing trade, and hold a stock sometimes for a month or two, some of us hold it for longer, and some of us day trade... but what I'm interested to see is do you plan ahead to watch particular stocks every month? I personally have a few stocks that I buy for long term every month, so I'll list them out here. Would love to hear stocks you're buying!
-
Apple $AAPL: iPhone X is finally on sale, and demand has been incredible. I think this will be the best selling phone ever for Apple, and their profits will also increase significantly because the iPhone X is priced over $1000 (and I'm sure it doesn't cost them that much more compared to the iPhone 8). Fundamentals are strong, they are releasing more products to enter more markets (Home Pod to compete with Google Home and Amazon Echo), and I expect strong earnings from them as well tonight.
-
Alibaba $BABA: As we saw, strong earnings were released this morning. And this will only continue in my mind. The chinese economy is healthy and is growing Q over Q, and we are now entering the holiday season - which means even more shopping. Also, the fact that they are investing heavily in AI ($15B investment) and one of the co-owners is supposedly buying a 49% stake in the New York Nets hints that they want to have a bigger presence in North America - and this maybe means going head to head with eBay and Amazon.
-
Shopify $SHOP: Strong earnings, and it's down big because of the Citron report. I still stand by the fact that the report was complete BS - there was so much speculation, and no real proof to support the accusations. The biggest argument was that they claim that anyone can become a millionaire - which Citron says is a scam. However, I disagree - because if you use Shopify platform and have a good product, it gives you the ability to sell your product worldwide, with minimal effort, and you do have potential to drive millions in sales - thus resulting in eventually becoming a "millionaire". They reported strong numbers (again) and once again, we're going into the holiday season, so we should see a lot more sales here through Shopify merchants. They are also competing with Square now - they still have a ways to go to compete head to head with Square, but I think with their disciple with the business, they can do this.
So that's my insight. I did make a more detailed video on this to cover in more detail, so PM me if you'd like to see it (not going to post links here). This post is pretty much the bulk of the reasoning behind each one of these 3 stocks. Share with us the stocks you are watching during November, why you're watching it, and what entry point you're looking for!
Submitted November 02, 2017 at 10:52AM by blackdragon1299 http://ift.tt/2xQ6Qhu
