Top 3 Stocks to Buy in November

With the start of a new month, it’s time to review your portfolio and determine which positions should be added to it. This is a very crucial quarter for the retail business, which is why I feel it would be a good opportunity to invest in retail firms. Investors could also explore adding equities that have gained traction in the new month. I’ll go through three great stocks to purchase in November in this post.

Shopify (SHOP)

When it comes to retail stocks, Shopify (TSX:SHOP) should be at the top of your list (NYSE:SHOP). The firm offers a platform and all of the tools needed to run an online store to merchants of all sizes. Shopify’s business strategy reflects the company’s objective to “make commerce better for everyone.” Depending on the features that retailers are interested in, the firm provides plans at various pricing ranges. As a result of their success, retailers are encouraged to upgrade to more expensive programs.

Last year, Shopify merchants established a new record for Black Friday and Cyber Monday sales, totalling US$5.1 billion. Sales increased by 76 percent year over year in that performance. Over the last year, the COVID-19 epidemic has surely aided customers in becoming more familiar with online buying. Even while many people will go out in person to shop this Black Friday weekend, there’s a high probability that many of…