Vaccines are currently being rolled out, the end of the pandemic is on the horizon, Joe Biden is president, and stocks are on the rise. As we move into 2021, we must look to the future of the stock market’s standing, but the question remains as to which companies are the ones worth anticipating.
I had a hard time choosing just 5 companies, so I thought to expand the metric and list which industry stocks are worth keeping an eye on, and shoutout a particular company from that industry as an example of the industry’s strength.
Cloud Services
Cloud computing services like Google Cloud saw a lot of growth due to the pandemic forcing people to work from home and companies to change their infrastructure to accommodate these changes. A lot of money is being poured into these services to expand their storage, security, and work collaboration capacity; as a result, the industry is expected to expand greatly and hit over $800 billion by 2025.
I want to shout out Twilio (NYSE: TWLO) in particular because the company has a great service reputation, secure and versatile platforms that suit business models the best, and their stock is in a great position having grown over 204% in the past year.
Electric Vehicles
Electric Vehicles (EV) are growing ever more popular; car companies are looking to capitalize on this trend and governments are looking for ways to better the environment. Stocks for electric vehicles have recently gotten a boost as the Democrats win the Georgia runoff Senate elections, as the Democrats are more likely to give EV companies tax credits, consumer incentives, and government initiatives.
Tesla Cybertruck’s ‘secret sauce’ could lie in its production cost savingshttps://t.co/X8kBxuXLKj by @ResidentSponge
— TESLARATI (@Teslarati) January 7, 2021
I think it’s no surprise that Tesla (NASDAQ: TSLA) is the company to pay attention to as it had a fantastic 2020 and slated to have an even better 2021, but also keep an eye out for Ford and GM as they’re slated to expand into EVs as well.
E-commerce
Online retailers saw astronomical growth during the pandemic, having reached unprecedented levels not expected to be reached until several years later. Billions were earned and the lasting impact of the pandemic will undoubtedly change the way people shop and the way stores do business.
Amazon is the obvious shout-out choice, but I want to give the shout out to MercadoLibre (NASDAQ: MELI), an Argentinian based online retailer that targets users in Latin America and saw its stock soar 174% last year.
Pharmaceuticals
Pharmaceutical companies saw a lot of growth as well, such as with biotech firm Novavax saw its share skyrocket more than 3000% as it developed a COVID-19 vaccine. In addition to the vaccine, pharmaceutical companies are developing other important drugs like the chronic pain drug Tanezumab by Pfizer such as Pfizer developing the chronic pain drug Tanezumab.
In addition to the two aforementioned companies, Moderna (NASDAQ: MRNA) is another company to keep an eye out for as its COVID-19 vaccine is close to reaching the market and already has supply agreements for more than 330 million doses worth a speculated $6 billion.
Video Conferencing
Just like cloud computing services, video conferencing companies saw large growth as well. The pandemic forced many people to work from home and caused many video conferencing apps to explode such as tech industry darling Zoom.
70,000 members on our zoom.
The biggest trade union meeting ever.
By a long way.
— Daniel Kebede (@DanielKebedeNEU) January 3, 2021
Zoom (NASDAQ: ZM) will be an interesting company to watch, because, in December 2020, the company’s stock went down, probably due to the vaccine coming out and people expecting jobs to return to the office, but no one can say when working at the office will be possible and if Zoom’s video service will drop in demand.
Conclusion
This has all been my personal opinion and not to be taken as investment advice. Talk to your financial advisor for advice.
I’m fascinated to see who will come out on top. I think Tesla will continue its upward trajectory and come out on top, while Zoom will tragically hit hard times. Follow BTC Pro for the latest in-depth news on cryptocurrency and financial news.
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