5 stocks which have had an impressive start to 2021
The stock market can be tricky to navigate, especially for beginners. Even seasoned pros can sometimes struggle with knowing where to invest thanks to companies growing steadily often flying under the radar.
Many companies make the news for one of two reasons: they either have a meteoric rise (which can be considered unstable), or because there is something like a merger or takeover is about to happen. Those simply doing what they need to do, providing steady returns to their shareholders, rarely make the limelight. But it is often these companies that the savvy investor may look to target. Yes, it is great to make a quick buck on a flash in the pan, but the risk can be greater, and can sometimes depend on luck rather than judgement.
It can be important for investors to use all the available tools to be able to make informed decisions, from doing their research, using a broker, or even using a robo-advisor. They will also need to ensure they are diversifying their portfolio to reduce risk if they wish, and ensure they play an active part in managing their investments if it is suitable for them.
Who is doing well so far in 20201
In the year leading up to June 2021, stock in 888 Holdings has grown by over 240%, with share prices rising from 145.2GBX on June 15 2020 to 390.4 GBX on June 11 2021. It has been driven by two main factors: high quality and strong momentum. This combination certainly shows promise and potential for the stock.
888 holdings has become a household name among casino players. Thanks to their highly-skilled in-house developers, they’ve been able to continuously expand their virtual platform, providing players with 1000s of unique and engaging table games and virtual slot machine.
They have also invested in technology to provide a better service to players, including better games, better social aspect, increased online security (in particular for payments), as well as an all-round better experience.
Players can partake in live dealer games from the comfort of their homes, replicating the best bits of the casino experience without even having to head out the door. By simply taking a look at their variety of games and membership bonus deals, it’s easy to see that 888 holdings as a whole is popular and successful in part because it is often considered a market-leading online casino.
Despite only launching on the stock market 18 months ago, Castle Biosciences is worth over US$1.2 billion, and its stock value has shot up from US$22.99 in July 2019 to US$71.22 in June 2020. There have been some wobbles along the way, as to be expected with any new company, but the overall trend looks potentially bullish.
This is a small company based in Houston which has performed well over the last few years, with a steady upwards trend: in 2016 stock was worth just over US$7 and is now worth US$42. There have been some blips along the way, as to be expected when dealing with a technology company, but recent growth is promising. Despite this being perhaps one of the riskier opportunities on the list, there is definitely scope for strong performance, as the customer base is growing and the most recent quarterly report shows a 35% increase in profits.
Popular with home décor enthusiasts, Wayfair has been leading the budget-to-mid range of the furniture and decoration market since it came into being in 2011 (it was CSN Stores from 2002 to 2011). It has very much solidified its place in the market, in particular by consolidating its niche websites and branding into one as of 2012. Deutsche Bank has rated the shares a buy, based primarily on the fact that in the last year the customer base has increased by a million, and repeat orders now account for 72% of all orders. In the last year, share prices have increased from US$178.80 to US$328.15.
Tennant produces industrial floor scrubbers, which at US$60,000 are four times the price of manual ones but offer a wealth of other cost cutting and labour saving benefits, so much so that major US retailers like Walmart have already started suing them. Though 2020 was not a stellar growth year, with some small fluctuations keeping the price relatively stable, there is a some potential for long terms growth; since 2016, where share prices were US$54.13, they have grown a fair amount to US$82.47 in June 2021.
In summary: When and where to invest?
Investing always comes with an element of uncertainty, so you should only invest what you are prepared to lose and make your own decisions. There are many opportunities when investing in stocks and shares to make a quick buck, but these can often involve more risk and a little luck.
Long term, there are market trends that will help guide investors to target returns over a longer period. Many emerging industries, such an online gaming and technologies are coming onto the scene, joining more established firms in banking and retail.
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