Top stocks to watch in November 2021

With winter quickly approaching and company earning reports being released left, right and centre, the companies that have been picked out to watch for November are all technology companies, with a mixed focus on software, server technology and productivity.

Recently some huge companies such as Amazon and Apple have missed out on analyst expectations with earnings reports and as a result, the stock prices of these companies have slightly dropped. Some of the companies picked out in this article have had a different situation: results have been very strong, leaving them well-positioned for further growth into the future.

Microsoft

This company is very well known globally. Recently Microsoft released its Q1 2022 earnings report, the results of which were very strong, even beating expectations.

Microsoft is a very well-diversified company, unlike some companies such as Alphabet and Facebook (soon to be Meta), they are not reliant on one single revenue category such as advertising.

Our opinion:

Microsoft is an amazing stock to hold long term, it is a well-diversified business and well-positioned to grow further. For example via growing its Azure business and even expanding its Xbox business further in the gaming industry, Microsoft can expand its market share into the digital markets.

• Q1 2022 Revenue: $45.32 billion, $2 billion higher than some predictions.
• Q1 2022 Net income: $20.5 billion, a 48% increase.
• Azure and other cloud services have grown 50% year on year.
• Gaming hardware revenue is up 166%.

Cloudflare

This company may not be as well known as names such as Microsoft and Apple, but they have almost become quite essential to the whole internet. Many websites around the world use Cloudflare services to deliver their websites to users and as such Cloudflare is a popular choice for server technology.

In recent times Cloudflare has begun expanding into more and more services, recently announcing they are going to start offering an alternative to the hugely popular S3 service from AWS.

Our opinion:

Cloudflare has positioned itself as a very important company, providing services to many of the world’s websites. There is no doubt they will continue to expand and grow and for that reason, it is a great stock to hold long term.

• Cloudflare has not yet released its earnings report for Q3 but will do so on November 4th 2021.
• Since the start of 2021, the stock is up around 240.83%.

Atlassian

To many people, this company may not be as well known to potential investors, but in the software world, they are a great and fast-growing company.

Recently Atlassian released its earnings report which beat expectations strongly, leading to the stock rising around 9% after hours.

The company reported some great statistics:

• Revenue from cloud products up 50% year over year.
• Gained 11,746 new customers over the quarter.
• Q1 revenue of $614 million, up from $459.5 million in Q1 last year. The company did also report a net loss of $400.1 million which is an increase from $41.6 million in Q1 last year.

Our opinion:

Atlassian may still be a loss-making company, but that is no reason to not watch this stock. They are a quickly growing company and becoming more and more relevant over time. There is lots of space for them to continue growing and for that reason, this stock is a great long term hold.

• Stock is up around 98.05% since the start of 2021.
• Stock is up around 1,417.56% since IPO.

Written By

Jake Bywater