History Says the S&P 500 Could Jump in November: 2 No-Brainer Stocks to Buy With $100 Right Now

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November has been the strongest month of the year for the U.S. stock market in the last decade. Specifically, the S&P 500 index (SNPINDEX: ^GSPC) returned an average of 3.8% during November over the last 10 years, while its next best month was July with an average return of 3.4%. Moreover, the index produced a positive return in nine of the last 10 Novembers.

Of course, past performance is never a guarantee of future results, and investors should never focus on short-term returns. But there is no harm in leaning into historical patterns, provided the goal is long-term capital appreciation. Shopify (NYSE: SHOP) and Uber Technologies (NYSE: UBER) are worthwhile investments today, and both stocks cost less than $100 per share.

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Here are the important details.

Shopify provides a turnkey solution for retail and wholesale commerce. Its platform lets merchants manage sales and inventory across physical and digital storefronts from one dashboard. Its software integrates with online marketplaces like Amazon and social media like TikTok, but also supports the construction of custom websites.

Shopify also provides adjacent merchant solutions for marketing, payments, and logistics, as well as back office tools for money management, accounts payable, and tax reporting. The company has also introduced a suite of artificial intelligence (AI) features called Shopify Magic that automate workflows (like drafting product descriptions) and surface insights for merchants.

Additionally, its enterprise-grade platform Shopify Plus includes more sophisticated tools for data analytics and wholesale e-commerce. That last point is particularly important, because the wholesale e-commerce market is about three times larger and growing two times faster than the retail e-commerce market, according to Grand View Research.

Recently, consultancy Gartner named Shopify a leader in digital commerce, citing robust functionality across retail and wholesale channels, and its ability to innovate rapidly. Similarly, Forrester Research recognized Shopify as a leader in its most recent report on wholesale commerce solutions, citing its broad functionality and new AI tools as key strengths.

Shopify reported encouraging financial results in the second quarter despite a somewhat uncertain economic backdrop. Revenue increased 21% to $2 billion, and non-GAAP net income increased 85% to $0.26 per diluted share. Importantly, management highlighted momentum with large merchants, international merchants, and offline merchants, three areas where Shopify has focused its resources.

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