(via ZEXPR) Many experts have predicted that 2021 will be all about economic recovery which will make up for all the losses that the pandemic has caused. For this, RichmondSuper analyst Jimmy Lynn says that you might want to invest in these stocks to take full benefits from the prevailing situations. It must be noted that the stocks discussed below are mere suggestions for you to invest in, based on the market trends.
Here are the top 7 stocks to buy in 2021:
1. Alibaba Group
The Alibaba Group is an internet retail industry and stands at a whopping market value of $713.7 billion. The new and fully flourishing worldwide e-commerce giant Alibaba is what Glassman is interested in. Alibaba that has 11.1% of its assets under management happens to be the second-largest holder of the fund with the first one being the Chinese tech conglomerate Tencent Holdings. The revenue of Alibaba has become thrice the original revenue in the past 3 years and the upside potential of the stock makes it one of the top picks that one can invest in 2021.
2. PayPal Holdings
What needs no introduction is the stock PayPal, it belongs to the industry of credit services worth $24.7 billion. We have been seeing a shift in its behavior. We can easily observe in this pandemic that Fiat money lost its value greatly and the population depended mostly on cashless exchanges. Notice how we handle cash less and less with every passing day. This has given a chance to customers to use PayPal services more and more and ensure maximum engagement. For instance, the company is planning to set forward several services for cryptocurrency that will let people transact using bitcoin. Considering how the stock offers limited crypto services, the management has seen the daily user logins to have increased by 50%. This shows that future engagement is guaranteed with this stock which makes up for PayPal holdings to be a great option while planning to invest in 2021.
3. Hilton Worldwide Holdings
Hilton Worldwide Holdings, which has proven to be a solid bet during Covid recovery, is a part of the lodging industry. Its market value is $29.6 Billion. Matt Gershuny, the co-manager of Parnassus Mild Cap (PARMX) expressed how he was sure of the demands to rise as soon as the pandemic started to fade away. This is why he also bought more shares in Hilton Worldwide Holdings. Despite a decline of 50% in sales and a 64% drop in the 2020 earnings, the Wall Street analysts have high hopes of the hotelier to get back on its feet in 2021 and to play a major role in the post-covid recovery.
To boost the level of customer engagement, Twilio basically allows businesses to combine texts, emails, voice, and videos with their products. An automatic message notification for appointment is just one example of the attempts of Twilio to maximize customer engagement. Its market value stands at $50.2 billion and as observed, tends to benefit from the digitalization of the businesses during the pandemic. The firm is very well positioned in present time and the upcoming years are expected to meet the 30% plus sales target that is set for it.
Wayfair is an internet home decor e-commerce giant that has a market value of $23.9 billion. Its customer base has expanded quite drastically which can be proved by the fact while comparing its present performance to its execution last year, it has 10 million more active customers than it did ever before. More sales online are a result of more store closures due to the pandemic. The Deutsche Bank saw the shares to have increased from $325 to $350 over the last year. This certainly makes up for Wayfair to be one of the best companies to invest in 2021.
Microsoft belongs to the infrastructure software industry that has a humongous market value of $1.6 trillion. Microsoft is undoubtedly the largest software maker in the world with its earnings being twice what they were in the year 2011-2017 because of cloud computing. It has become the reason for the firm’s major chunk of revenue generated in the recent years. Value Line Investment Survey predicts the earnings of Microsoft to increase by 15% for the coming 5 years so Microsoft could be one of the best stocks that you can buy in 2021.
7. Bank of America
Most Americans believe that a bank is never held accountable for the action that it takes and therefore, it makes sense that investors don’t look forward to investing in it now. The Bank of America belongs to the industry of diversified banks and it is worth $249.1 billion. Covid happened and to everyone’s utter surprise, banks did not have to face such damage as other departments did. The shares of the Bank of America remain at the same point as they did in 2017 and it is as if the great recession never took place! Therefore, Banks can be a great stock to invest in and Bank of America being the largest in the world is the best option for it in 2021.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.