You Need to Know November Stocks are More Tempting Than a Cinnabon
Five stocks you should consider today
If you love eating Cinnabons, you need to love investing in stocks just as much. Your love of investing needs to be more than eating a Cinnabon or food in general. If you think investing is too hard, you honestly need to spend some time learning more about investing. You probably weren’t taught to invest in school — I wasn’t either.
Studies show people with money invest more than people who don’t have money. Yes, this makes sense. These days, anyone can invest in fractional shares and buy a portion of a stock in apps such as Robinhood, Charles Schwab, and others. Not every brokerage company offers fractional shares so make sure you do your research.
For instance, if Apple stock (stock ticker APPL) is $100 and you only have $10 to invest. You can invest your $10 and own 1/10 of the stock. This would mean you own a fractional share of Apple stock. Apple is actually $108 at the time of this writing.
Investing is laying out money now to get more money back in the future.
Warren Buffett
As we move into November, the market is holding its own and some people expect the market to correct or stock prices to drop. Several stocks have not down well since they were affected by the coronavirus. Stocks not performing well are the airline, cruise ship, and hotel stocks such as American Airlines, Carnival Cruise, and Hilton hotel.
If you look at stocks historically, the price of stocks continue to rise over the years. You have to ignore what some analysts and even some of your friends say. The market will go down but prices will eventually go back up again similar to a roller coaster.
The following stocks are recommended for you to consider and two stocks are making a second appearance since I have mentioned them in the past. Technology stocks continue to do well in this market since the virus started and caused the market to crash in March. Make sure you do your own research and due diligence before investing.
Stocks prices were gathered at the close of business on November 2, 2020.
Anaplan (PLAN)
This stock provides cloud-based services and connects people and organizations. The Anaplan platform unites disconnected database structures such as data storage used in finance, sales, supply chain, and marketing operations. Anaplan is a subscription-based service and was founded in 2008 with headquarters in San Francisco, California. The company has worldwide operations in the United States, Australia, Belgium, France, Germany, India, Israel, Japan, India, Malaysia, the Netherlands, Philippines, Singapore, and the United Kingdom.
Recent performance. Anaplan has performed well over the past few years. Since the price dropped with news of the coronavirus in the March timeframe, there has been continued growth in the stock. The stock rose 36% and analysts expect the rise to continue.
Cloudflare (NET)
This company provides a cloud-based service to companies worldwide. Their goal is simple and powerful with the goal to handle the traffic of businesses as more companies move online. The company expands and provides coverage to over 200 cities worldwide. Over 16% of Fortune 1000 companies partnered with Cloudflare. The company was founded in 2009 with headquarters in California.
Recent performance. Cloudflare’s list of clients has helped the company continue to grow and expand. Revenue has grown over 50% with big companies paying at least $100,000 per year (up 65% over the year). Analysts expect the near and long-term growth to continue.
CrowdStrike (CRWD)
This company provides cloud-based security services worldwide as they provide coverage in the United States, Australia, Germany, India, Romania, and the United Kingdom. The company blocks over 72 billion cyber-security threats a day. As more people are working from home, cybersecurity is needed more than ever. The company was founded in 2011 with headquarters in Sunnyvale, California.
Recent performance. The virus is helping the company as it stopped over 41,000 potential breaches. The company is expanding to provide more cloud coverage in the story and executing workloads which is becoming more popular. Growth is up 80% in revenue as well as profits with 49 of 100 Fortune 100 companies as customers. Since the March crash, the stock has performed very well especially over the past two months as tech stocks cooled off.
Datadogg (DDOG)
Datadog is a monitoring and analytics platform for developers, IT teams, and business users in North America and worldwide. The company also provides network monitoring. DDOG is seeing a nice resurgence from the March drop. The demand is very high for this company as big businesses are relying on new cloud-based apps. Monitoring their performance is a huge task as well as maintain their usage. Datadog is able to solve this problem for IT technicians. Additionally, the company added software tool developer Unified Labs which increases the company’s development environments. The company recently partnered with Microsoft. The company is working to add a Datadogg mobile app. The company was founded in 2010 in New York, New York.
Recent performance. Customer growth in Q2 was positive with 12,100 customers (up 37%) with 1,015 customers who spent over $100,000 or more (up 71% from 2019). Upcoming revenues are expected to be up 50% in the $143 to $145 million range. Performance is expected to continue over the next several years.
Penn National Gaming (PENN)
Penn National Gaming along with its subsidiaries operates and manages gaming and racing properties in the United States. The company operates live sports betting in five states, Iowa, Mississippi, Nevada, Pennsylvania, and West Virginia. In the months ahead, the company is expanding into six other states including Colorado, Illinois, Indiana, Michigan, New Jersey, and Virginia. Penn operates or had ownership interests in 41 gaming and racing properties. The company was founded in 1972 in Wyomissing, Pennslyvania.
Recent performance. The company has more than 40 brick and mortar casinos and 20 million loyalty members. Converting some of these members into an online platform could capture more of the market share and double Penn’s cashflow. Penn had a breakout in August and a huge run going into September. Analysts expect positive results in the future.
Note: The writer does not own any of these investments.
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Tom Handy is an investor, former Quora writer, and father of two kids. He retired from the Army and sits on several non-profit boards. You can find him on Twitter @tomhandy1.
This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any significant financial decisions.