The stocks I’m watching in November aren’t outliers …
The market has been in recovery mode since mid-October. Let’s hope it keeps up!
Oil and gas is heating up. The sector is hitting highs that it hasn’t seen since June’s mad rush …
You know what that means. Sketchy oil and gas stocks — like the one on this list — are moving too.
EV stocks also got a boost in October. The Biden administration dedicated $2.8 billion to EV battery production in late October. This has already led to some EV stocks releasing the types of press releases that garner big moves.
There’s no guarantee that the market will stay in recovery mode. The last week of October was so choppy that I actually had mega-cap stock Exxon Mobil Corp (NYSE: XOM) on my weekly watchlist! When stability is something I recommend, you know that there might be stormy seas ahead.
Facebook/Meta is responsible for a lot of that uncertainty. They tanked their latest earnings report, leading to analyst downgrades and the stock’s lowest price since 2016!
Amazon, Google, and Microsoft didn’t fare much better. And the election is just one week away.
My number one job is to keep my students safe. That’s what I try to do every day on the SteadyTrade Team. And that’s what I’m doing here.
How do you stay safe in the market? First of all, you have to realize that there are no sure things. These are just ideas. You watch the market to see what’s working and what isn’t.
Keep these stocks on your radar, but don’t let go of the wheel.
Table of Contents
- 1 Top 7 Stocks to Watch in November 2022
- 1.1 Stocks to Watch in November #1: SOBR Safe, Inc. (NASDAQ: SOBR)
- 1.2 Stocks to Watch in November #2: AgroFresh Solutions Inc. (NASDAQ: AGFS)
- 1.3 Stocks to Watch in November #3: Shopify Inc. (NYSE: SHOP)
- 1.4 Stocks to Watch in November #4: ESSA Pharma Inc. (NASDAQ: EPIX)
- 1.5 Stocks to Watch in November #5: Neurobo Pharmaceuticals Inc. (NASDAQ: NRBO)
- 1.6 Stocks to Watch in November #6: Enservco Corp. (AMEX: ENSV)
- 1.7 Stocks to Watch in November #7: Microvast Holdings Inc. (NASDAQ: MVST)
- 2 What Do You Need to Trade Stocks?
- 3 How to Find Your Top Stocks to Watch: 5 Tips for Every Day
- 4 Frequently Asked Trading Questions
- 5 Conclusion
- 6 One Platform. One System. Every Tool
Top 7 Stocks to Watch in November 2022
It doesn’t take a genius to tell you that the first stock on this list will be worth more in five years than it is today…
But disciplined traders can limit their downside. You don’t need to go through a stock’s downswings to profit off its upswings.
What you do have to do is PAY ATTENTION. And you can’t pay attention to 16,000 stocks at once.
That’s why you need to have watchlists. Watchlists help you keep potential trades front of mind.
They also help you get to know the stocks you’re watching. With enough screen time, you’ll begin to understand a stock’s moves…
How its volume affects its price…
When to make your entries and your exits.
On the SteadyTrade Team, we make a watchlist every morning. Building your watchlist every day is the best way to get the highest-potential trades in your sights.
I also send out a NO-COST watchlist every Sunday. It covers some longer-range trade possibilities.
These are stocks that check some of my trading boxes…
I’m watching them to see when they can check the rest.
This November watchlist is dedicated to these big picture ideas.
As always, these are just ideas. I’m not necessarily trading ANY of these stocks…
I’m just watching them to see if they check the boxes for a good trade. That’s the biggest part of trading — understanding the setups that work best for you.
Stocks to Watch in November #1: SOBR Safe, Inc. (NASDAQ: SOBR)
SOBR was my number-one watch last month. It has an exciting product — touch-based alcohol detection technologies. But volume didn’t pour in until a late September government report which recommended highway authorities make similar technologies their standard.
SOBR made a 300% move September 20, then gave most of that back.
That move put SOBR on the map. Then a $6 million private placement brought that volume back in and the price level back up.
SOBR stormed into October before consolidating through the month. Then on October 19, it once again brought big volume in with PR announcing a new client.
The volume hasn’t been as strong since then, but it doesn’t need to be. This is a stock with a float of less than 8 million.
What I’m looking at is the steady creep up to the $4 threshold. That’s the highest the stock has closed at since its May IPO.
SOBR hasn’t been able to make it convincingly over the $4.20 level. This matches the Oracle resistance level — one of my favorite StocksToTrade indicators.
SOBR tried to break through this resistance every day in the last week of October. And each day it failed.
I’m still watching for SOBR to make its move. Here’s something I like — SOBR announced that it has $10 million in cash on hand … which hopefully means it won’t dilute any time soon.
Stocks to Watch in November #2: AgroFresh Solutions Inc. (NASDAQ: AGFS)
When the markets go sideways, I look for dumb setups like AGFS to take advantage of. There’s a decent chance that the shorts piling into this stock are setting up a BEAUTIFUL short squeeze …
That could be a nice trade. Or it could just be another genius play for the popcorn reel.
Fintwit short sellers when they cover for a 125% loss after being down 400%+ pic.twitter.com/TW0NMeJpv8— Timothy C. Bohen 🇺🇸 (@tbohen) March 24, 2021
Here’s the story: AGFS is going to be acquired for $3 a share. That’s a 91% premium over the previous day’s closing price.
So the stock should be worth $3 a share, right? That’s not the way shorts think.
There’s the possibility the sale falls through. An “investor rights law firm” is investigating whether the sale price is fair to shareholders.
I don’t have any inside information as to what they’ll find. But I do know that M&A lawsuits are the rule, not the exception.
In 2012, a research study found that 91% of M&A deals valued at more than $100 million sparked a lawsuit. “It’s created a cottage industry of plaintiffs attorneys looking to file a quick-strike lawsuit” and enhance their revenue streams, said an underwriter quoted in the story.
This law firm may know what they’re doing, but the shorts in AGFS definitely do not. And it isn’t the first time.
Stocks to Watch in November #3: Shopify Inc. (NYSE: SHOP)
If you’re looking for a swing trade opportunity, Shopify has got my attention.
It moved 17% in one day. That was off of its highest volume in one year.
Almost all of the big tech companies disappointed this earnings season. In this landscape, Shopify’s better-than-expected earnings stood out even more.
The market was higher on Shopify’s better-than-expected earnings than a bigger company like Apple. Even more than other sectors, the value of tech stocks has to do with future projections …
So I look closely at something like volume, as well as the chart. The last time SHOP attracted close to this much volume was the end of July. That started a two-week rally from $30 to $42.
That’s pretty much the trade plan I workshopped with the SteadyTrade Team at the end of October. Risk $3 on a goal of $12. It happened before — I don’t see any reason why it can’t happen again.
I would look for a red-to-green entry.
I’m looking at that breakout level of $42. It’s been rangebound below that level for the last six months. If it can get convincingly above that point, SHOP might have more room to run.
Stocks to Watch in November #4: ESSA Pharma Inc. (NASDAQ: EPIX)
Forgive me … but EPIX’s October 26 spike was EPIC!
Small Cap Rockets’ trader Bryce Tuohey is underselling EPIX’s gain here. It ran almost 300% on 100 million shares traded!
This is the kind of action that draws in lasting interest. I also like how it’s held onto most of its gains from that big spike.
If I know anything about biotech stocks, there will be more news on the way. EPIX is developing a prostate cancer drug, which has the market excited. You know what that means …
TL;DR: biotech stocks often capitalize on big gains by doing new share offerings. That often sends the price down.
On the other hand, biotechs often follow up on impressive news with more news, which could send the price up.
There’s a lot of activity and a manageable float. As long as EPIX sticks around post-spike levels, I’ll be watching it to make another move.
Stocks to Watch in November #5: Neurobo Pharmaceuticals Inc. (NASDAQ: NRBO)
You know how excited I was about Aditxt, Inc. (NASDAQ: ADTX) in September …
I must have mentioned its 800,000 float 800,000 times on the SteadyTrade Team!
So what about NRBO’s 500,000 float? This is a stock that can literally do anything.
Especially when chat pumps are involved.
It spiked 50% on October 27 on five-time float rotation. That’s nothing compared with mid-September’s 600% run, but it tells me that this stock is back on the meme map.
I don’t think reverse stock splits like NRBO’s are a worthwhile catalyst on their own. They’re usually conducted so that the stock stays in compliance with an exchange’s minimum price requirements. And they’re still establishing their new chart.
But when the Chat Guy gets hold of them? Watch out.
Stocks to Watch in November #6: Enservco Corp. (AMEX: ENSV)
Let’s talk oil and gas! While the market is watching XOM, we’re watching low-float oil and gas penny stocks.
I hope you haven’t forgotten what they can do. Let’s let a cowboy hat-wearing Bryce Tuohey remind us:
While XOM had a beautiful 20% run up in October, ENSV gained 70% in the last two weeks. For small accounts, this kind of volatility can’t be beat.
Oil is once again in the headlines, with Saudi Arabia bucking Biden’s overtures to increase oil production. The Middle Eastern oil producers in the OPEC organization have cut oil production by 2 million barrels a day. Long-time US ally Saudi Arabia responded to pressure by increasing the supply by only 100,000 barrels — widely viewed as “a slap in the face.”
A top White House official is quoted in a CNN article as saying, “It’s not like some high school romance here.”
Gimme that popcorn!
This means that the world will once more be reliant on sketchy oil and gas companies.
And ENSV is in the sweet spot for sketchy oil and gas.
It has had better earnings than fellow low-floater Houston American Energy Corporation (AMEX: HUSA) …
And its 9.5-million-share float sets it apart from the likes of Imperial Petroleum Inc. (NASDAQ: IMPP).
If you’re looking for one survivor from oil and gas’s March madness, you could do worse than ENSV. Especially now that it’s at four-month highs.
Stocks to Watch in November #7: Microvast Holdings Inc. (NASDAQ: MVST)
You know I’ve been waiting for EV stocks to return all year. Instead we have sector leaders like Tesla (NASDAQ: TSLA) at 52-week lows …
While I’m happy for any news that can move stocks in this down market, the Biden EV battery grants are a drop in the bucket.
The grants made a splash when they were announced — especially if you were a stock that followed it up with your own press release. But the near future of the EV market still isn’t exciting for many traders …
Take a look at American Battery Technology Co. (OTCQB: ABML). It gained about 65% before surrendering some of its gains. It’s still lacking the big contracts which will make it a future revenue machine.
I like the chart action on MVST and Amprius Technologies, Inc. (NYSE: AMPX) more.
But where AMPX is receiving $50 million of the Department of Energy grants …
And ABML is clocking in at $57 million …
MVST is set to receive $200 million.
I also love the fact that MVST is collaborating with General Motors (NYSE: GM) on the new plant.
GM’s EV prospects look good. The company clocked record earnings this past quarter, and reports say that GM’s electric vehicles will soon qualify for the entire $7,500 tax credit provided by the Inflation Reduction Act. These credits depend almost entirely on battery materials and sourcing.
I like this kind of synchronicity! There’s a reason that MVST was one of my top watches in the last week of October …
It remains on the list going into November.
What Do You Need to Trade Stocks?
The biggest thing you need to become a self-sufficient trader is something money can’t buy…
Everything else is easy enough to come by.
Most brokers don’t charge commissions when you buy listed stocks — which is every stock on this list.
You can see the brokers I recommend here.
What else do you need?
StocksToTrade puts top-of-the-line charts and stock screening at your fingertips. It’s got a built-in news scanner that puts earnings reports and news that move stocks in one place.
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Then comes the hard part…
Paper trading is a good way to get your feet wet. StocksToTrade can do that too.
Our trading community will bring you live webinars twice every trading day, weekly strategy sessions, and the chance to ask questions of me and other top traders.
My goal is to teach you how to think for yourself and trade through any kind of market.
Here’s one of the biggest things I teach you to do…
How to Find Your Top Stocks to Watch: 5 Tips for Every Day
The best traders don’t believe in ‘hot stocks.’ They watch what the market is doing every single day.
There’s no trick to it. Building a daily watchlist comes down to five easy steps.
#1: Run Your Scans
You know what’s moving by setting your stock screener to pick up the right stocks.
I run scans all through premarket, looking for stocks up at least 10%, on decent volume and a catalyst that isn’t complete garbage.
The market is a game of supply and demand. A stock screener is the best way of measuring that demand.
#2: Know Your Catalysts
Crappy penny stocks will always have press releases and celebrity tweets when they’re running. It’s your job to know what’s fluff and what isn’t.
Luckily, it isn’t hard. Is the market reacting well to it? Then it’s probably decent news.
We have an add-on service specifically dedicated to the news that moves stocks. It’s called Breaking News Chat — and it can be your secret weapon.
#3: Study the Charts
Studying charts can be the difference between randomly trading a stock and seeing a good entry.
How do I know that most days TSLA starts the day red it will finish green? It’s because I’ve studied its charts.
#4: Look for Volume
Volume is the biggest indicator of price action.
You can trade a stock move with no news. But you probably don’t want to make a trade with no volume.
This is another thing to study when you’re looking at a chart.
Take a look at a stock’s biggest moves. How much volume does it get when it’s making a move?
#5: Learn From Other Traders
Never copy another trader’s trades. If you’re last in on a trade, you’ll only make money by luck. And you sure won’t learn to trade for yourself.
The training we offer at StocksToTrade is designed to help you become a self-sufficient trader. We show you how we come up with our trade ideas, we don’t give them to you.
Profit and loss isn’t the mark of a good trader. It’s the planning and execution you put in.
We can help you get there in a few different ways:
- Pre-Market Prep: On Mondays, my daily watchlist is free on StocksToTrade’s YouTube channel. Otherwise, you can get it by signing up to…
- StocksToTrade Advisory: This is an intro to my trading approach — with premarket sessions, a weekly watchlist, and an in-depth monthly report.
- StocksToTrade Daily Accelerator: This is my no-cost daily newsletter, filled with mindset tips, the best plays of the week, and whatever else I think needs sharing.
- SteadyTrade Team: OK, I mentioned the SteadyTrade Team before. But did I tell you that we’ve probably got the best trading community out there? Our traders are collaborative and not competitive, and this helps when you’re learning from other traders.
Frequently Asked Trading Questions
Guys, there’s a lot more to learn. Let’s go a bit deeper…
Isn’t It Risky to Trade Stocks and Penny Stocks?
Never risk more than you can afford to lose. And never go into a trade without a solid plan.
How Risky Is Short Selling?
If you couldn’t tell from my short jokes, I don’t think shorting is for everyone. When you buy a stock, you can only lose the value of your position — when you short sell you can lose your whole account.
How Much Money Do I Need to Start Trading?
There’s no set amount of money that you need. Just don’t risk more than you can afford to lose. Even if you take tiny positions, trading with real money will help your learning curve.
I’ve shown you the work that goes into building a watchlist…
And I hope I’ve scared you enough that you don’t take these picks as recommendations!
Trading is something you do at the same time as millions of other people. Having stock picks is as silly as taking cue cards on a date…
And it works about as well.
Your trading success doesn’t depend on any ‘secrets’ I can tell you. The only thing it depends on is you learning about your own trading style.
Treat this watchlist as a starting point. Keep on working on your own watchlists until they fit the way you trade.
What do you think about the stocks I’m watching this month? Have you traded any of them? Let me know in the comments!