5 Tech Stocks Promising Solid Growth In 2021

Okay, so it’s almost time to ring out the old year and ring in the new one. While you’re busy making New Year resolutions, let me tell you that there couldn’t be a better time to build your portfolio.

Do you really want to be stuck with the growth stocks of yesterday? Or the ones that somehow gained from the health crisis but are now faced with the toughest of comps? Or perhaps those that you got into before the pandemic beat them down, and you basically have your fingers crossed now that the worst seems to be behind us?

Really, it is not worth the trouble. The longer you hold on to stocks that don’t pay, the more you lose in terms of cash and also time. A year is a really long time. Too long to wait when you should be growing.

Else, this has been a great year for you so far and you want 2021 to be as good or better.

Whether you’re young and starting to invest or older and only have a certain portion of your savings on which you’d invest in riskier stocks, the advice is the same.

There are tried and tested methods to eliminate risk. So don’t go reinventing the wheel.

Stick to the basics. Remember that it’s the earnings results that ultimately drive stocks. If a company has great technology that it isn’t able to market or all the marketing techniques at its disposal but without a well-differentiated product, in both cases, it may not generate the desired results.

At the end of the day, you want to invest in companies that can turn their offerings into cash. You don’t want them to take too much risk todo this and in the case of those that aren’t generating profits as yet, you want to see a clear path to profit.

That means you must develop the habit of reading the numbers. Because that’s what will tell you what to snap up and what to pass up.

Zacks proprietary models do just that. There’s a ranking system for all the stocks in the universe that captures these numbers. There are a number of ways of categorization that helps divide stocks according to their industry, also according to their growth potential or value prospects. Then, of course, there are the numbers themselves. This makes it much easier to choose from the thousands of stocks available.

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