As we head into 2021, investors are looking for opportunities to capitalize on potential explosive growth in the stock market. With the economy recovering from the impact of the COVID-19 pandemic and new technologies emerging, there are several stocks that could see significant gains in the coming year. Here are five stocks to watch for explosive growth in 2021.
1. Tesla (TSLA): Tesla has been a market darling in recent years, with its stock price skyrocketing as the company continues to dominate the electric vehicle market. With new models, like the Cybertruck and continued expansion into renewable energy solutions, Tesla is poised for even more growth in 2021. Investors should keep a close eye on this stock as it continues to innovate and disrupt traditional industries.
2. Zoom Video Communications (ZM): The pandemic has changed the way we work and communicate, and Zoom Video Communications has been at the forefront of this shift. As remote work becomes the new norm, Zoom’s video conferencing platform is seeing unprecedented demand. With a strong user base and new features in the pipeline, Zoom is set for explosive growth in 2021.
3. Moderna (MRNA): Moderna made headlines in 2020 with its development of a COVID-19 vaccine that has shown promising results in clinical trials. As the company ramps up production and distribution of the vaccine, its stock price is expected to soar. With potential for additional vaccine developments in the future, Moderna is a stock to watch for explosive growth in 2021.
4. Square Inc. (SQ): Square is a fintech company that has seen significant growth in recent years, thanks to its popular payment processing solutions and Cash App. As more businesses switch to online payments and cashless transactions, Square is poised to benefit from this shift. With new partnerships and innovative products in the pipeline, Square is a stock to watch for explosive growth in 2021.
5. Shopify (SHOP): Shopify is an e-commerce platform that has seen explosive growth in recent years, as more businesses move online to reach customers. With a user-friendly interface and customizable features, Shopify has become a popular choice for businesses of all sizes. With e-commerce expected to continue growing in 2021, Shopify is a stock to watch for potential explosive growth.
In conclusion, 2021 is shaping up to be an exciting year for investors, with several stocks poised for explosive growth. From innovative tech companies to healthcare pioneers, these stocks have the potential to deliver strong returns for investors who are willing to take a chance on them. As always, it is important to do your own research and consult with a financial advisor before making any investment decisions.