In the modern world’s history, 2020 is a highly unpleasant period of 12 months which is going to end soon. According to reports, 10.7 million individuals became unemployed in the USA and millions of people have stopped searching for jobs. As the country is moving towards the post-pandemic phase, themes such as personal health, entertainment, penny-pinching, and technology run through as the best stocks to invest in during 2021. Tech stocks are shining brighter from the start of this year as the outbreak and spread of the virus has resulted in increasing the demand level for technology products and services. In this article, we will discuss the best stocks to invest in right now as addressed in the post by Insider Monkey.
JD.com is at the number 1 position on the list. The company is operating as the biggest direct retailer company in China. At present, the company is engaged in spinning off the process for 3 of its non-core businesses through IPOs: JD Logistics, JD Digits, and JD Health. JD Health started its trading in Hong Kong on 8th December. IPO has been filed by JD Digits in September in Shanghai but due to strict fintech regulations, the debut has been postponed. While JD Logistics will soon file its IPO. All the complement of own secondary listing of JD will be moved to Hong Kong, which was filed as a response to the increasing trade tensions along with a threat to delist Chinese stocks which are US-listed.
The second company chosen by Insider Monkey is Microsoft Corporation. At present, the stock of Microsoft is not listed as “buy” stock but sooner this will happen. During the last 14 weeks, the stocks of the company are consolidating with 232.96 buying points. Microsoft company stock has found support lately at a moving average line of 50-day. The stock market, however, has unsettled later on, therefore, make sure to explore market direction first. Consult the current trends in the market through IBD’s Big Picture column. On the basis of the midpoint of Microsoft’s outlook, this is expected that the sales of the company in the December quarter will be $39.95 billion. While the prediction by Wall Street was $40.4 billion as the sales of the company in the previous quarter of the year were around $36.91 billion. The work-from-home and lockdown situation was beneficial for Microsoft as the trend of buying PCs goes up and also increases the demand for cloud software services of Microsoft. You can check more items on the list by Insider Monkey at 10 Best Stocks To Invest In Right Now.