3 Cheap Stocks To Buy After The Market's Strong November

The market fell on the last day of November. But that didn’t stop it from posting an impressive month of gains. In fact, the Dow climbed 12%, for its best month since 1987 and the S&P 500 jumped 11%. The climb, of course, followed positive vaccine news from multiple firms, alongside continued signs of recovery for the U.S. economy, and more.

Investors should also know that November’s rally finally expanded far outside of a smaller section of pandemic winners like Amazon (AMZN Quick Quote AMZN - Free Report) and others that were able to grow during social distancing. This showcases Wall Street’s growing optimism. And it’s not just the possibility of a vaccine that should have people in a bullish mindset.

Image: Bigstock

For instance, S&P 500 earnings came in stronger than expected in Q3 and the outlook was improving well before the Pfizer and Moderna news. Plus, investors must always remember that the Fed is prepared to keep its interest rate near zero through at least 2023. This should help support stocks as Wall Street chases returns.

With this in mind, let’s look at three highly-ranked stocks that are trading for under $25 per share that investors might want to consider buying after the market’s November rally…

SelectQuote, Inc. (SLQT Quick Quote SLQT - Free Report)

Prior Close: $21.45 USD

SelectQuote was founded in 1985 and the tech-focused insurance company went public in May of 2020. The firm uses a direct-to-consumer comparison model to help people find the right auto and home insurance, as well as life insurance and senior health insurance.

The firm boasts that its proprietary technology allows it to “find people the right coverage with the right carrier at the right price in just minutes.” The company has crushed our bottom line estimates in the trailing two periods and it is coming off an impressive first quarter of FY21 that saw its revenue soar 91%.

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