December is right around the corner. That means cold weather, holiday shopping, and celebrations. This year has certainly been one for the books in terms of the pandemic, the Presidential election, and of course, the stock market. With only one month left in this historic year, investors may be wondering what stocks to buy for next month. And I’ve got the answer
1.) Nio Inc.($NIO)
NIO’s stock has surged in 2020 as the company has gone from a near-broke start-up trying to survive to a stable, fast-growing automaker with big plans and ample cash to fund them.
But that might just be the beginning of an impressive long-term growth story.
NIO’s in an interesting spot. The market for electric vehicles in China is expected to absolutely boom over the next decade, and it’s already seen as a leading up-and-coming “cool” brand.
With Biden transitioning into Presidency, more and more pros will be available as he is ‘pro’ clean energy. NIO also has ties to the Chinese Government, great roots! Follow the trend on this for sure!
2.) Palantir Technologies Inc. ($PLTR)
So far this year Palantir has generated $285.8 million in negative free cash flow. That is an average of about $95 million in cash outflow each quarter. However, in Q3 the cash burn improved significantly.
Now the company is talking about “momentum” in its operations, despite its focus on an area that is not typical for Silicon Valley. For example, Palantir expects 2020 full-year revenue will be up 44%, and next year it will grow 30%.
Analysts are starting to wonder about the high $33 billion market capitalization for PLTR stock. For example, in the past month to Nov. 20 alone, the stock has skyrocketed over 98%.
We believe even though Palantir is a newer IPO, it has roots into the tracking of COVID-19 with US and UK. Great potential and outlook!
3.) Aurora Cannabis Inc. ($ACB)
We saw the stock shoot up earlier this month after Biden won the election, and it was up another 28.6% yesterday as his transition team was given access to government funds, signaling the effective end of President’s Trump’s challenge to the election results.
In the U.S., recreational marijuana legalization is slowly eking out victories on a state-by-state basis. These are the 15 states, plus Washington, D.C., that have legalized recreational weed—and medical marijuana, as well.
During the third quarter, billionaire Jim Simons’ Renaissance Technologies opened a 447,378-share position in Q3, with Ken Griffin’s Citadel Advisors upping its existing stake by almost 419,000 shares.
For these three reasons, we will use ACB as a means to create passive income in the months to come because of this trend.
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