Welcome to the September edition of our monthly stock picks! If you’re looking for the best stocks to buy in September, you’re in the right place. This month, we’re building on August’s lessons to maintain, and hopefully improve profitability.
We’ve identified three stocks with strong upside potential for September:
- Super Micro Computer Inc. (SMCI)
- Asana (ASAN)
- Meta (META)
These picks combine AI-driven growth, technical setups, and fundamental strength. Plus two of them qualify as halal stock picks for ethical investors.
1. Super Micro Computer Inc. (SMCI)Halal
Why SMCI?
Super Micro is a leading AI hardware company, providing storage and server solutions for AI training and inference using GPU-based architectures.
Recent Performance:
SMCI dropped from $58 to around $39 last month due to a sector-wide AI pullback and internal challenges. In its annual report, the company admitted:
“We have identified material weaknesses in our internal control over financial reporting, which could, if not remediated, adversely affect our ability to report our financial condition and results of operations in a timely and accurate manner.”
This disclosure contributed to a 5.5% decline.
Why It Still Has Potential:
Despite these issues, analysts maintain a buy or hold rating on SMCI.
Technical Analysis:
The stock is sitting at a strong support zone ($39–$40), which aligns with the 200-day moving average. I’m looking to buy at this level and hold. If the support fails, I’ll adjust my strategy.
2. Asana (ASAN) Halal
Asana is a work management platform that integrates human and AI collaboration. While the stock has been in a downtrend for most of 2025, it has a strong track record of beating earnings expectations—including last quarter by 0.9%.
Catalyst:
Asana reports earnings this Wednesday, and we’re looking to capitalize on potential optimism.
Technical Setup:
The stock is near its lowest support level, creating a possible buying opportunity if the support holds.
3. Meta (META) Doubtful
Meta, Mark Zuckerberg’s flagship company, dominates social media, virtual reality, and AI innovation.
Fundamentals:
Meta beat Q2 earnings estimates and remains a strong player in the AI race.
Technical Analysis:
The stock recently pulled back to a previous support level and looks ready to resume its uptrend.
Final Thoughts
September offers exciting stock market opportunities, but as always, risk management is key. I’ll be monitoring these setups closely and adjusting as needed.
Disclaimer
This is not financial advice. The content shared here reflects my personal opinions and observations on market events. Trade Ideas shared are for educational purposes only. IOY Capital is not responsible for any investment decisions you choose to make.
Subscribe for more market insights, and commentary.
