Three Companies To Cash In On The Most Dynamic Sectors In 2021

Etsy is growing its earnings at 71% a year, putting them on pace to double in the next 12 months alone.

 Tech Catalyst For 2021 No. 3 – Fintech

Here’s a sign of the times for you – my barber has stopped taking credit cards and has switched to mobile payments.

As for myself, I carry lots of cash but rarely use it these days. Instead, I now rely on Apple Pay or contactless credit cards. Like millions of others, I don’t want to be touching card readers or cash that could be carrying COVID or other germs.

Sure, we’ll all use credit cards again. But most of them will also rely on hands-free readers.

Now, the contactless payment market, which includes both systems like Apple Pay as well as tap-to-pay credit cards, was worth $8.3 billion last year.

But that’s just one part of fintech. The overall sector is growing at 25% a year and will be worth $310 billion in 2022, according to the Business Research Co.

That’s where Square Inc. (SQ) comes in. The firm supplies the software and hardware for more than 64 million businesses to accept contactless credit card and smartphone payments as well as track sales, including online.

And this company hasn’t missed a beat with its contactless and chip reader. This enables people to accept chip cards, contactless cards, Apple Pay, and Google Pay anywhere.

Square also is the developer of the wildly popular Cash App for making payments or sharing payments via smartphones.

This is a stock with a lot of upside ahead. With a yearly growth rate of 50%, per-share earnings are on pace to double in 18 months.

The 2021 Outlook

Add it all up and you can see that technology is the place to be in 2021. And these three players offer investors the chance to score huge gains.

The fact of the matter is the cloud, e-commerce, and fintech were all huge trends even before 2020. But the pandemic turbocharged them.

So, if you want to make big money in 2021, these are three stocks you should be buying.

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Note that this author has not disclosed any interest or commercial relationship with the companies discussed; do your own careful due diligence.

Disclosure: None.

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John D. Singleton 1 month ago Member's comment

$WORK was by worst stock by ever. Took me year to get my money back.