The stock market year 2020 will undoubtedly go down in history as the stock markets have faced unprecedented economic disaster. In this context, it becomes complicated to know which stocks to buy . This article will tell you all about the best stocks to buy now in 2021. We all know every trader wishes to know the right stock in which he invest his money to get handsome profits. This article will cover 4 top stocks in 2021 that every trader must invest in.
The first stock on our list of top 2021 stocks is ABB, a technology company in Switzerland, primarily in robotics, energy, automation and heavy electrical devices. Before separating from its activity in the electrical networks sold for 6.90 billion dollars to Hitachi, ABB was the largest industrial employer in Switzerland. Its positioning is very good for the future. ABB is able to improve its profit margins and sales growth. The share buyback program approved by ABB’s board of directors is intended to pass the income from the sale of Power Grids to shareholders. It will therefore be favorable to earnings per share.
Financial improvements, an industry that is expected to remain popular over the next decade, and a leader in automation, here is what makes this stock particularly interesting.
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Advanced Micro Devices (AMD)
AMD shares have increased by 1.727% over the past five years (end of June 2016 – end of June 2021). ADM is getting closer to its competitor Intel and could well dethrone it. The semiconductor maker’s annual revenue increased from $ 4,319 million in 2016 to $ 9,763 million in 2020. Thanks to its new CEO, Lisa Su, the chip maker has become a leader in high-performance computing . The demand for chips has exploded and generated a 45% increase in turnover in 2020. The fact that the Playstation 5 and XBOX Series X are powered by an AMD chip has largely contributed to this jump in turnover.
In addition to their incredible developments in the field of chips, AMD took the initiative to buy the company specializing in software Xilinx for an amount of 35 billion dollars. The aim of the maneuver is to expand the presence of the company in the field of computer use. After Intel, AMD now has Nvidia in its sights. AMD is relying in particular on Radeon RX graphics cards to compete with Nvidia. While Nvidia remains the leader in graphics cards, AMD may well overshadow it. The AMD action is therefore an action in the technology sector not to be missed in 2021.
Bank of America (BAC)
A bank among the top 2021 stocks may seem strange to you, which is quite normal. The financial sector was severely affected during the crisis. Investing in a bank can be an attractive investment because of the economic recovery. The economy has already started to recover, and eventually the Federal Reserve will raise interest rates, which will benefit the banks. Bank of America posted stable revenues even at the peak of the outbreak. Economic growth should therefore work in its favor.
It is the only bank among the “Big Four” that focuses more on consumers. It reported earnings of $ 8.1 billion in the first quarter of 2021, or 86 cents per share, more than the 66 cents per share that analysts expected. These good results helped the stock reach a record high of $ 43.49 in June. The stock has since returned to a reasonable level and is now near its moving averages. Perhaps now is the time to make a deal and invest in a stock that could continue to grow in the second half of 2021.
Alibaba Group (BABA)
Alibaba is a Chinese tech giant. The company is able to compete with the American giants. Alibaba can be compared to a mix between Amazon and eBay. But Alibaba can also be compared to Google and Paypal or even a bank. Indeed, Alibaba has its own financial subsidiary, Ant Group. This branch was created to reduce transactions between customers and suppliers which had become too large and therefore allowed to oust an intermediary (the banks) to reduce Alibaba’s dependence on other companies.
Admittedly, the Alibaba share had a difficult first half of 2021. The $ 2.8 billion fine that Beijing imposed on the group largely contributed to the title’s woes. But the losses caused by the Chinese authorities are not expected to dent Alibaba’s growth potential. The mainstay of Chinese tech announced in the release of its latest quarterly results that it expects annual revenue of 930 billion yuan ($ 144.12 billion) for the fiscal year ending in March. 2022. This estimate is higher than the 928.25 billion yuan initially planned.
After a 36% drop between the end of October 2020 and the beginning of May 2021, the sell-off is showing signs of fatigue, with trading volumes below their average for the last 10 weeks. In addition, the stock is now trading at relatively low prices . It can therefore appeal to bargain seekers.
The 2021 actions at a glance
|Alibaba Group||BABA||$ 199.9||$ 574.28 billion|
|ASML||ASML||€ 567.3||€ 243.12 billion|
|Atlantica Sustainable Infrastructure||AY||$ 38.4||$ 4.26 billion|
|Bank of America||BAC||$ 39.9||$ 341.57 billion|
|Kratos Defense & Security Solutions||KTOS||$ 27.8||$ 3.45 billion|
|Lemonade||LMND||$ 96.3||$ 5.90 billion|
|Mondelez||MDLZ||$ 63||$ 88.43 billion|
|Nvidia||NVDA||$ 800.4||$ 498.46 billion|