Your positions in the stock market represent the shares that you own in a specific company. This means that if you were to purchase Amazon (AMZN) stock, for example, you would own a tiny portion of that corporation.
The value of a stock is affected by a multitude of factors, including economic, political and unprecedented events, like the coronavirus pandemic. In addition, when considering whether a stock is a buy right now or not, you’ll want to evaluate the rate and extent of the company’s growth, their profits and whether they pay out dividends to their shareholders.
You’ll also want to assess some technical indicators, to gage whether the stock is overbought or oversold, and if it is a worthy investment. It’s vital that you conduct some research into the stock market and the factors that can impact price movements prior to investing, so that you can learn how to trade stocks online and become a successful trader.
Thankfully, we’ve already considered all of the key factors that make a stock a buy and compiled a list of the top stocks to trade in in November.
Read on to find out more.
Garmin (GRMN)
Garmin is an American technology company that specialises in Global Positioning System (GPS) devices. The company creates technology that is used in the automotive, aviation, marine, sport and outdoor industries.
They have become a leader in wearable devices, competing with the likes of Apple (AAPL), Samsung (SSNLF) and Fitbit (FIT). As the third quarter (Q3) ended, Garmin recorded some impressive sales of $70 million, and its overall sales have increased by an impressive 27% this year.
In fact, the company’s sales are now on course to reach an impressive $4.95 billion at the end of 2021 and could even surpass $5 billion. Experts believe that the stock will only continue to grow moving forward, since the wearable technology industry is booming more than ever. As a result, Garmin stock could be seen a great buy right now.
Chevron (CVX)
Chevron is an American energy corporation, and hails as the nation’s second largest oil company. The company is involved in all areas of the oil and natural gas industry, including production, refinery, transportation, hydrocarbon exploration, marketing, power generation, and chemical sales and manufacturing.
Being one of the world’s largest companies, Chevron boasted a market valuation of $136 billion in 2020 and is performing extremely well in 2021.
The company’s Q3 earnings increased to $2.96 per share and Chevron reported a huge revenue increase of 83% — reaching $44.71 million and exceeding analysts’ predictions. Shares of the company fall into a buy range, and Chevron has a Composite Rating of 91 out of a possible 99.
The company has significantly benefitted from a surge in oil prices, influenced by the increased demand for oil.
Gevo (GEVO)
If it’s a sustainable investment that you’re looking for, Gevo could be the stock for you. The company specialises in renewable chemicals and biofuels, and is the leading producer of renewable chemicals with net-zero greenhouse-gas emissions.
You might have been inspired by the United Nations Climate Change Conference of the Parties (COP26) that ended in mid-November, and looking towards more renewable sources of energy. Since this stock has been performing exceptionally well in 2021, it’s worth your consideration.
Following the COP26, it’s likely that clean energy companies, like Gevo, will be supported by government grants, tax policies and increased demand for renewable, clean energy.
Gevo is in its early stages of development and is in the process of building a large production facility to produce larger quantities of clean fuel. All of this considered, Gevo could prove to be a great stock for the future.
The stock market can present investors with great opportunities to profit. Because of its volatile nature, prices can fluctuate dramatically in short periods of time. By employing a strategy and managing risks, traders can take advantage of this volatility to potentially make gains on their investment.
