If 2020 taught us anything, it was that we can never be too comfortable. We have to keep reinventing ourselves, not just in our personal lives but financially as well. It is thus not a surprise that more people have embraced stock investing in 2021. You may also be thinking of getting your first stock or diversifying your portfolio. Selecting a stock is not all about looking at its current price but rather, it also encompasses looking at the said company’s historical performance and growth potential.
That said, here are some stocks you may want to consider:
Zoom Video Communications (ZM)
How were you catching up with your work in 2020? If you are like most people, you were using some form of video conferencing software, with Zoom being one of the most used platforms. This cloud-based software did so well that its CEO, Eric Yuan, made it to the Time’s businessperson of the year. Yes, the company did that well!
Its projected revenue growth for its 3rd quarter in 2021 is $777 million, up from $167 million in 2020’s 3rd quarter. That amounts to a growth rate of 367%. Some people have raised concerns as to the sustainability of this growth post COVID. However, given that remote working was present even before COVID and seems to have fast taken hold, that should not be a concern.
At present, Zoom stocks go for $381.92. To think there was a time you could have got a share for only $100 a year ago!
Apple (AAPL)
The launch of the iPhone 12 models did not go unnoticed and it led to the sudden increase in the stock current price for this giant. As of 28 January 2021, the stock price was $137.09. A yeah go at a time like this, the same stock went for $81.08. This huge difference has encouraged more people to buy into Apple.
One of the most outstanding features of this company is its differentiation. Not only does it concentrate on selling smartphones, but it also offers a wide range of accessories and software. As a result, it trumps most of its competitors who focus on a single product and are volatile to changes in the market. Additionally, the company has built a reputation of offering utmost security and privacy to its clients. Its integrated ecosystem has also played a huge role in the increased revenue over the past year.
CrowdStrike (CRWD)
Companies cannot help but come up with measures to keep security breaches at bay. Even so, there’s always a loophole that cyber terrorists use to gain access to company data. It thus helps that CrowdStrike pinpoints areas where security breaches have occurred and analyzes this data, using it to warn other customers of the impending danger. Through the use of AI, the software learns attack patterns and becomes even more effective.
AI offers the company an edge over the competition in that competitors will have a hard time keeping up with this software that will be a wealth of knowledge in no time. Plus, the company employs a subscription model, which increases its revenue generation.
Its prices are now (January 28, 2021) at $215.09, which is quite impressive for a company that once ranged at $59.07 on January 28, 2020.
Etsy (ETSY)
With a growing number of active buyers and sellers, it is not hard to see why this platform has gained momentum over the past months. It prides itself in offering vintage items and has been in operation since 2005. The company has room for growth as it currently accounts for less than 10% of the special items market.
As of January 28, 2020, its stock price was $49.83, and now (January 28, 2021), you can expect to part with $193.37.
Pinterest (PINS)
With more people interested in sharing their hobbies and passions, activity on this platform has grown immensely. It got even more interactive during COVID when people were seeking ways to keep busy indoors. In light of the increased monthly users, the platform allowed merchants to upload their catalogs through Shopify to increase their sales. From $22.18 on January 28, 2020, to $68.93 on January 28, 2021, this platform has come a long way. Projections indicate its value could quadruple in the next three years.
All the stocks in this list more than tripled in value in 2020 and currently have a worth of more than $10 billion. Moreover, they offer services that will be relevant in 2021 and subsequent years, thus adding to their values.
