It has been – and still is – an uncertain year when it comes to businesses, stocks, markets, and economic forecasts, but there are signs the storm is losing its power. So everyone in the market has the eyes on the stock trends to watch in the last part of 2020.
While all the investors are hoping for the pandemic to finally go on a steep downward path, they are still dealing with the image of a recession which may – or may not – be a tricky one.
This way, profits may be ignored for a while, and all the eyes should be on dealing with the current situation. Then there is the pending presidential election, which is due in a few months, and almost everyone still hopes for further government stimulus.
In this environment, which are though the top stocks to watch for the rest of the year? The truth is that there are more industries that have nothing but bloomed in the past months, defying all odds and all the news about the recession.
Here are some companies on which you could keep an eye – or both – starting from now:
PayPal
PayPal has a huge market value, and people continued to use it despite the ongoing worldwide situation. It reaches so many markets, from the United States to China, and it only grew stronger and stronger in the past months.
Recently, the stock even rose to a new all-time high. The value of its shares reached a level almost double than the one at the start of the pandemic, and four times the one three years ago. Impressive, huh?
Shopify
Here is a company which also doubled the value of its shares compared to the start of the pandemic. And that is also understandable. What did people do before the pandemic in regard to shopping? They moved more and more online. So, what did they when the restrictions of traveling were put in place? Well, more eCommerce. A lot more.
This is why an eCommerce solutions provider like the big players Shopify gained more than double during the past months – and the trend is only going up, reaching also all-time highs.
Kindred Group plc
One of the giants of the gambling industry, Kindred Group plc, also fared very well this year, and the trend is also for the growing. It offers legal gambling in Canada and in more 100 countries, so it will continue to grow, as more and more people also enter the online gambling world to play.
Netflix
Netflix had some very good growth times in the past years, with some challenges in 2019 due to competition concerns, but came back with a big kick this year. So, many users being strained at home and increasing the streaming demand made Netflix record some all-time highs when it comes to its shares.
But it wasn’t all for the Covid-19 and people staying at home, but also the improved content and all the diverse choices for the users. We mean, Netflix would have still improved since 2019, but this particular year also helped a lot. So, keep an eye on this stock trend also.
Etsy
The company offers handmade, vintage, custom and other similar gifts, and people seem to enjoy those. This is the reason its stock value rose to more than double comparing to the pre-pandemic days. Sure, the big online shopping rush recorded in the past half of year contributed a lot, but is the new products the company is coming up on the market which sparked the interest of the customers. Because some of them will for sure stick to Etsy even after the coronavirus-linked shopping behavior situation will be over. And the odds are in their favor: The company already has a market value of many billion dollars.
