Top 10 Stocks To Buy And Hold Onto 2021 (And Beyond)
The global stock markets in 2020 saw a year of the good, the bad and the ugly. We had major losses from oil and travel companies, while tech and communications soared. We saw new, younger investors start trading and investing on their mobiles, low interest rate environments and despite the largest economic downturn since the Great Depression, the S&P 500 gained 6.5% this year. Even the Nasdaq index which took a massive tumble of 2,400 points earlier in the year, has since recovered to just shy of 12,000 points as of November 2020.
So what will the coming year hold for stocks? As a leading financial services marketing agency, we know a bit about stocks. So, here are our Top 10 Stocks To Buy And Hold Onto 2021 (And Beyond). (Remember, this is not financial advice, just our opinion.)
1. Moderna Inc.
Love it or hate it — we have a corona vaccine. And it may be approved for use sooner than we expected. Two companies, Moderna Inc.(NASDAQ:MRNA) and Pfizer Inc.(NYSE:PFE), announced the successful development of a coronavirus vaccine on November 16 and November 9, respectively. But we will be targeting Moderna in 2021 as their vaccine is more effective and easier to transport. After reporting the breakthrough, Morderna Inc.’s shares jumped by over 9% in the 24hrs that followed to tear above the $100 mark for the first time. If there are no hiccups and crossing fingers, the Moderna vaccine should be hitting the hospitals before the New Year. And you can only expect their stock value to rise steadily as we head into 2021 and beyond.
When the Covid-19 pandemic hit, everyone retreated to their homes. But they needed groceries and other supplies, so they turned to eCommerce platforms. And since Amazon (NASDAQ: AMZN) was already a household name pre-covid, it was only fair that it took the lion’s share on this new market. As expected, Amazon stock exploded with excitement to hit its all-time high of $3,552 in September, expand the brand’s market cap to $1.57 Trillion, and report a 91% increase in stock price. The fact that the brand has made serious inroads in cloud computing makes it a must-have for your 2021 portfolio.
Zoom Video Communications Inc.(NASDAQ:ZM) seem to come out of nowhere for a lot of people when the pandemic hit. In a few short months it has become a a household name across the world. In January this year, its stock price played around the $60 mark. Today it is valued at $400 — having hit a high of $568 on October 19, 2020. We are expecting remote working to continue into the new year and demand for zoom services to expand.
Xpeng Inc. (NYSE:XPEV) or Xiaopeng — the Chinese electric vehicle manufacturer, closed its first day of trading in the US on August 27, 2020, with its stock valued at $21.22. Today, it has more than doubled and is currently valued at $44.10 — representing A 207.8% value raise. It continues to present the most formidable threat to the dominance of the North American EV manufacturers. And as the EV trend and push for a reduction in greenhouse gas emissions take shape, we can only expect its price to continue rising, going into 2021 and beyond.
Tesla Inc. (NASDAQ:TSLA) has had a good run through the pandemic period. So much so that it just earned a spot on the highly exclusive NYSE500 index. It tops the list of the companies that defied the economic downturn brought about by the Covid-19 pandemic. It started the year trading at around $85, peaked at $502.49 in September, and currently trades around $408 — even after the 5-to-1 stock split in August. Did someone say it is overvalued? Well, accurate as that may be, it does not seem like its value will correct soon. At least not when the company is taking over the global market and establishing overseas production lines. We’re planning to keep riding that bullish wave into 2021.
Today, you can’t talk about zero-emission cars and Tesla without talking about Nikola Corporation (NASDAQ:NKLA) — Tesla’s fiercest rival in the US, maker of hydrogen-powered trucks. Both companies have a shared history as a former Tesla employee founded Nikola. And in case you haven’t figured it out, their names are taken from legendary inventor Nikola Tesla. And though Nikola (the company) is still miles behind Tesla, it is its perfect hedge.
Like Tesla, Apple Inc. (NASDAQ:AAPL), has navigated the covid-19 waters rather smoothly. This year, the tech giant crossed the $2 trillion mark, becoming the most valuable company in the world. The brand has made some promising moves recently. From shifting to green energy in all its centers to taking the lead in introducing 5G phones, launching more products, and promising interests in cloud computing and big data. You don’t expect its upward trend to slow down any time soon.
3M (NYSE:MMM) had been struggling to stay afloat. Then the coronavirus came, and the demand for healthcare products like N95 respirators and other PPEs soared — injecting life into the troubled giant. But what happens when we have the vaccine? It will be months before it is available globally — and this buys 3M some time to reorganize and re-strategize. So why buy now? Well, because MMM stock is still fairly priced and that in the past 12 months, it paid total dividends of $5.88 per share.
While the covid-19 pandemic consumed everyone's attention, we almost forgot about the race for 5G. While everyone else was working to fight the pandemic, Qualcomm Inc. (NASDAQ:QCOM) — the wireless technology company — was finishing up on the structural foundations needed to accelerate the commercialization of 5G technology. It even bagged a deal to supply Apple Inc. with 5g modems.
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Alibaba Group Holding Limited (NYSE:BABA) is one of the best performing international stocks. It is by far the most extensive online B2B multinational company and one of Amazon’s fiercest competitors in the international scene. Like most other technology and eCommerce companies, Alibaba has had a smooth run during the Covid-19 pandemic. Why buy Alibaba for 2021, though? Because it is a growth stock that never disappoints and as a hedge against Amazon.
This has been our list for 2021 top 10 stocks. It certainly isn’t an exhaustive list and there are many more stocks with great potential. Enjoyed reading Top 10 Stocks To Buy And Hold Onto 2021 (And Beyond)? Hit share!
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