We asked our Foolish writers to pick their favourite ASX shares to buy this November. Here is what they came up with…
Tom Richardson: Alteryx (NASDAQ: AYX)
This morning the software and data analytics posted Q3 FY 2019 revenue growth of 65% to US$105.4 million. For calendar 2019 its forecasting adjusted earnings per share between 57c to 60c on revenue up to US$392 million. Its gross profit margin is a sky-high 92% with its net dollar expansion rate also an impressive 132%. It also has a whopping US$987 million net cash position. Local clients of its software include Telstra and CBA.
Profitable, growing like nuts and boasting a moat there's a lot to like about Alteryx. The stock's big falls since August 2019 could be an opportunity.
Motley Fool editor Tom Richardson owns shares in Alteryx.
Kenneth Hall: Air New Zealand Ltd (ASX: AIZ)
I think Air New Zealand shares could be a great value buy this November. The AIZ share price is yielding 7.9% and has fallen lower so far this year to $2.62 per share.
With the current situation around oil prices, I think Air New Zealand could be the best value buy amongst the ASX-listed airlines. Air New Zealand's dividend yield is also better than the 3.9% offered by Qantas Airways Ltd (ASX: QAN).
With the potential to rebound from a disappointing FY19 result, I think now could be a good time to buy Air New Zealand shares.
Motley Fool contributor Kenneth Hall does not own shares in Air New Zealand Ltd.
Nikhil Gangaram: Cleanaway Waste Management Ltd (ASX: CWY)
I think Cleanaway could be a bolter in November.
The Cleanaway share price was battered last week when management cautioned shareholders that first-half earnings for FY20 would be below expectations. Despite first-quarter weakness, Cleanaway forecasts full-year earnings would be stronger in FY20.
The waste management sector is sensitive to broader economic trends, however, I think that investors will be looking to accumulate shares in Cleanaway given the lucrative potential of the sector.
As Australia transitions to a more circular economy, recycling and sustainable waste management should become more prominent services.
Motley Fool contributor Nikhil Gangaram does not own shares in Cleanaway Waste Management Ltd.
Brendon Lau: Regis Resources Limited (ASX: RRL)
I think investors will soon overlook Regis Resource's soft September quarterly update.
The stock is probably one of the better-priced ASX gold miners of scale as the Regis Resources share price has underperformed over the past year with an 8% gain compared to a more than 30% increase by most of its peers.
Value is hard to find in the sector and the gold bull run is not close to being over, in my view.
Motley Fool contributor Brendon Lau owns shares in Regis Resources Limited.
Tristan Harrison: Altium Limited (ASX: ALU)
I believe that we should concentrate on investing in the best shares on the ASX, which includes Altium.
The electronic PCB software business has seen its share price drift lower in recent weeks with general weakness across the WAAAX tech group. Altium is predicting large growth of its revenue and subscriber numbers in the coming years to 2025, which should push profit margins even higher.
When you look at the free cashflow the tech company is already producing it looks attractively valued for the growth rate and the rapidly growing dividend helps too.
Motley Fool contributor Tristan Harrison owns shares in Altium Limited.
James Mickleboro: Xero Limited (ASX: XRO)
Xero is a business and accounting software provider which I believe would be a great buy and hold option this November.
It is quickly becoming the platform of choice for small and medium-sized businesses in many markets across the globe. This has led to Xero growing its top line at an explosive rate in recent years.
The good news is that it still has a significant runway for growth. Especially if it can crack the key US market in the coming years. Progress has been slow in the US, but I'm confident that it will succeed due to the quality of its offering.
Motley Fool contributor James Mickleboro does not own shares of Xero Limited.
Mitchell Perry: Reece Ltd (ASX: REH)
I can understand why some investors might be hesitant to invest in Reece given the amount of debt this company has on its balance sheet.
However, Reece also has an excellent track record of delivering earnings growth to shareholders. Now, after completing two acquisitions of US-based plumbing businesses, Reece has the avenue necessary to continue this growth long into the future.
This is why I believe Reece shares, currently trading at a price of just over $10 per share, will make a great long-term investment.
Motley Fool contributor Mitchell Perry does not own shares in Reece Ltd.
Sebastian Bowen: Scentre Group (ASX: SCG)
My top ASX pick for November is Scentre. This company operates the Westfield-branded shopping centres across Australia and New Zealand, making it one of the largest landlords in the country.
Despite the fears surrounding the future viability of physical retail, Scentre has just confirmed it has maintained an occupancy rate of 99.3%, which tells me they are doing something right. In this era of low-interest rates, Scentre's current yield of 4.95% makes it a compelling income share to own in my view.
I'll be watching the Scentrie share price closely this month.
Motley Fool contributor Sebastian Bowen does not own shares of Scentre Group.
