Are you here to find the best stocks to buy now? Then you are in the right place because this article will tell you everything you need to know about the best stocks to buy in 2021.
Stocks are full surprises and they were more so in 2020 due to the sudden emergence of COVID-19. In 2020, most leading stocks received a setback whereas the top stocks were the ones that were related to the companies that benefited from the new trends and norms created by COVID lockdowns. So stocks of big food delivery corporations, digital retailers, online meeting apps, and other digital platforms were on the rise in 2020.
And many experts are of the opinion that COVID-19 is still the biggest factor in identifying the best stocks of 2021. Also, prospects for several other good stocks linked to big companies are expected to go up in the second half of 2021 as the situation moves towards normalcy and the economy heals. However, this will depend on many issues such as how long will it take to distribute the vaccine among the masses, etc.
So the stock market is still as risky as it was in 2020. You could lose a significant amount of money if you buy stocks of the companies that will tank in 2021. And although no one can predict the future; you can certainly make a better choice if you listen to industry experts and observe the rising trends.
You can search what industry experts have to say but for your convenience, I have listed and discussed below the 19 best stocks to buy now.
19 Best Stocks To Buy Now
1. PayPal Holdings
PayPal Holdings is a digital payment company whose market value is $247 Billion. As 2020 saw an acceleration in the free gig economy and freelancing, people used PayPal to receive income easily from remote companies so it was on the rise.
Hence the stock of PayPal Holdings did very well in 2020 and they are expected to do better in 2020 so it is one of the best long-term stocks to buy right now.
2. IEC Electronics
If you want to invest in the electronic component industry then IEC Electronic is your best bet. Experts are of the opinion that there is a chance the stock of this company will go up in price in 2021 since it specializes in making medical and defense devices and this field is expected to boom this year as things get to normal. Some even think that the stock prices of this company can increase by double digits.
3. Castle Biosciences
Castle Bioscience belongs to the diagnostic and research industry with a $1.2 billion market value. Its stocks can prove to be very valuable since they have already shot up by 262% from their original price in the last 2 years. It is now ranking among the top 10 stocks to buy right now.
4. Alibaba Group
Alibaba Group is an online retailer with a market value of $713.7 billion. It is a global E-commerce giant whose business boomed in 2020.
Its revenues have tripled in the last 3 years and obviously, its stocks are doing great. So the stocks of this company are one of the Best Stocks to Buy Now.
5. Hilton Worldwide Holdings
Hilton Worldwide Holdings was hit badly because of the pandemic but industry analysts are hopeful that it will pick up momentum as the COVID-19 fades.
So it can be invested in since its share cost less now but it will rise later as the vaccine is distributed and people start traveling.
Pinterest is a social media company and its market value is $4.2.3 Billion. This social medial allows people to search content and picture through keywords.
It has been predicted that the stocks of this social media company can increase up to 25% over the next 4 years so they have the best long-term stocks to buy right now.
Twilio belongs to the internet content and information industry. It integrates the option to chat, text and email, etc. to websites and products for businesses so they can contact their customers.
So, it has been predicted that Twilio will benefit from the rapid digitization of business and its stocks will soar high in the next 4 years.
Wayfair is a home goods digital retailer whose market value is $23.9 Billion. 2020 was very good for this company and 2021 is looking great for it too. Thus, it is the Best Stocks to Buy Now since its shares can be seen at $325-$350 in 2021.
9. United Parcel Service
Pandemic or not pandemic; the parcels need to be delivered hence the stock of UPS (United Parcel Service) is not likely to tank much. So you can invest in UPS without fear of losing money.
Microsoft stocks are also one of the best stocks to buy in 2020. It is the world’s biggest software maker and its stocks are forecasted to increase by an average of 15% over the next 5 years. It also offers a 1.1% dividend yield.
11. Upland Software
Upland Software is another good option to invest although it is a little risky. It makes software programs that help businesses in managing their customers.
Upland has a stable income source and its revenues rose considerably recently so its stock is bound to go up.
Stryker is a company that makes various kinds of medical devices. Its market value is $88.7 Billion whereas its dividend yield is a decent 1.1%.
The demand for medical devices remains doubtful as long as COVID is around but 2021 will most likely bring acceleration to the medical devices industry as the vaccine is been distributed and hospitals are limiting infection spread. So Stryker’s stocks may go up in 2021.
It makes professional machinery i.e. autonomous scrubbers etc. Tennant struggled in 2020 since businesses were close experts expect 19% growth from it in 2021 as things restore to normal. Hence it is one of the best stocks to buy now and invest in.
14. Bank of America
Bank of America could prove to be another great investment for 2021. The stocks of the bank have not been doing well recently but given the current circumstances, investing in the world’s biggest bank could be your best bet.
Nvidia is the world-renowned GPU and microprocessor maker for PC gamers. Its stocks skyrocketed in 2020 and they are expected to continue to soar high in 2021. So the Nvidia’s stocks are one of the Best Stocks to Buy Now.
LyondellBasel is one of the cheap stocks to buy now. It sells chemicals, gasoline, fuels, and even plastic.
It tanked very badly in March of 2020 when the world started closing down but it recovered by the end of the year. And here is the catch, its stocks are cheap but they have momentum for revenue in 2021.
Dow belongs in the chemical industry so very much like LyondellBasel it suffered in 2020. But the weird thing is that its stock is doing good and is forecasted to do even better in 2021 as the world opens up and COVID is wiped out. So it is profitable stocks to invest in.
18. Areas Capital Corporation
It is a business development company that was hit hard in 2020. Its stock is available at a lower price so you should buy them so you can benefit when the situation goes back to normal and its stocks shot up, which they will.
Oneok is an oil and gas refining company that also struggled in 2020. However, it was able to maintain its attractive dividend yield of 9.3% till October 2020.
Its stock price is very low now as compared to 2020 so you can buy it now and earn a profit when it goes up in 2021.
Now you know the Best Stocks to Buy Now but I will still recommend you to watch the analysis of industry experts and specialists before you make any decision. And even after; that be prepared for anything because stocks can be unpredictable.
However, do not lose heart; the stocks of most reputable companies are mostly able to recover from loss over the course of few months. So keep trying and good luck.