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Stocks That You Should Consider Investing in 2021
Are you planning to invest in stocks in 2021 and want to stay one step ahead? Are you wondering which stocks you should invest in 2021 and will 2021 be a good year to invest in stocks? Let’s see the answers within the next lines!
Will 2021 be a good year to invest in the stock market?
The pandemic consequences are still looming over the planet, but the truth is that it’s not all about defending against microbes. Therefore, the list of stocks to invest in should be an eclectic one. It means you should choose carefully and not relying only on current events and tendencies. Until recently no name Biotech companies showed significant expansion due to the research races regarding the vaccine and all around it, but, there are many companies with strong consumer demand and viable businesses beyond the coronavirus impact.
Consider the potential of metal trading companies
When it comes to materials stocks, it may seem they lack the fast growth of a tech stock or consumer goods companies. It is also one of the least-loved industries due to its nefast impact on nature and the environment. However, this industry sector gains in value, and it is likely that in 2021 this trend will continue. Talking about metal trading companies, they pick up momentum as an alternative sector that will help you diversify your portfolio. These sectors cover everything from metal, concrete to agrochemicals and plastics. Among others consider Air Products & Chemicals (APD, $269.23), LyondellBasell Industries (LYB, $87.89) or Freeport-McMoRan (FCX, $24.47).
Which stocks you should invest in 2021
The best traders don’t care if the market is doing well or badly; what matters is whether there is something to negotiate, a direction to follow. The most significant change is that you, as a stock trader, will need to adapt your approach to investing in a year to come to make sure you steer away from stocks that could be unpredictable in 2021 and focus on the rising stars.
So, let’s take a look at some of the top stocks to consider in 2021! We’ll also see why they’re important and what makes them valuable.
Beyond Meat (BYND)
Beyond Meat is an interesting pick for 2021 and will stand out on this list. They specialize in alternative meat products made from plants, mainly mimicking chicken, beef and pork. Beyond Meat has also received praise for its respect for the environment and its importance on sustainability. If the vegan/vegetarian food market continues to grow in the coming years, Beyond Meat will likely continue to grow as well.
Treehouse Foods (THS)
With people spending more time at home, this company is set up for growth. It’s a packaged food manufacturer servicing grocery stores. It’s a reliable business tapping into growth due to the popularity of organic food and eating at home. According to projection, we can see the double-digit growth in earnings per share which is rare to see in the packaged food sector.
ServiceNow is probably a company you’ve never heard of before, and for some, it may be a little too technical to understand. In short, it is a cloud computing company that provides IT management services to a large number of businesses.
As you can imagine, companies like ServiceNow are increasingly called upon to help businesses manage their growing IT infrastructure.
ServiceNow has grown steadily over the past few years, with only a few significant drops in the share price over the past three years. Overall they are on the rise and, as you might have guessed, also had a great 2020, reaching their all-time high.
The biggest and newest rival of Tesla company, Nikola, recently entered the electric car industry.
Nikola, which also took the name of legendary inventor Nikola Tesla, is quickly becoming an alternative to Musk’s Tesla for zero-emission cars and is garnering a lot of interest in 2020.
Much like Tesla, they’re trying to make electric vehicles “cool”, although they seem to focus more on hydrogen trucks than sports cars.
Nikola could make a pretty good hedge against Tesla, potentially arriving on the top 15 stocks to explode in 2021.