As we enter into the new year, investors are on the lookout for hot stocks that have the potential to rise significantly in 2021. With the stock market showing signs of recovery and many sectors ready to bounce back after a tumultuous 2020, it is important to keep an eye on companies that are poised for growth. Here are five hot stocks to watch in 2021:
1. Tesla Inc. (TSLA)
Tesla has been on a tear in 2020, with its stock price skyrocketing to new heights. The company, led by visionary CEO Elon Musk, is at the forefront of the electric vehicle revolution and has ambitious plans for expansion in the coming years. With the increasing demand for sustainable transportation solutions and advancements in battery technology, Tesla is well positioned to continue its upward trajectory in 2021.
2. Zoom Video Communications Inc. (ZM)
Zoom became a household name in 2020 as the go-to platform for virtual meetings and remote work. The company’s stock price surged as demand for its video conferencing solutions skyrocketed amid the COVID-19 pandemic. With businesses and individuals continuing to embrace remote work arrangements, Zoom is likely to see sustained growth in 2021.
3. Amazon.com Inc. (AMZN)
Amazon has been a dominant force in e-commerce for years, and the pandemic only served to strengthen its position as consumers turned to online shopping in record numbers. The company’s stock price hit new highs in 2020, and with the continued shift towards digital shopping, Amazon is expected to remain a top performer in 2021.
4. Moderna Inc. (MRNA)
Moderna made headlines in 2020 with the development of its mRNA-based COVID-19 vaccine, which has shown promising results in clinical trials. As the company ramps up production and distribution of its vaccine, investors are optimistic about its growth potential in 2021. With the global demand for COVID-19 vaccines expected to remain high, Moderna is a stock to watch in the healthcare sector.
5. Apple Inc. (AAPL)
Apple’s stock price has been on a steady rise, fueled by strong demand for its latest products and services. The company’s iPhone sales continue to be a major driver of revenue, and its growing ecosystem of products and services, such as Apple Watch and Apple TV+, are contributing to its overall success. With new product launches and continued innovation on the horizon, Apple is a stock to keep an eye on in 2021.
In conclusion, these five hot stocks have the potential to deliver significant returns for investors in 2021. As always, it is important to do thorough research and consider your investment goals and risk tolerance before making any decisions. Keep a close watch on these companies and be prepared to act on any opportunities that arise in the coming year.
