From a flurry of new IPOs set to hit the Street in the first quarter Bumble and Coinbase are two of the most interesting. Both of these companies are leaders in high-growth industries and I expect both to prosper.
2020 was a tough year for the world. COVID-19 came out of nowhere and completely disrupted our lives, the global economy and markets. Despite that enormous challenge stocks fought through the adversity and delivered impressive returns.
I like Airbnb as a company and I like the stock. Shares are looking over bought in the short run with this big jump. But in the long run, I expect shares to do well, driven by strong revenue growth and a turn into profitability.
Stock investors have a lot to be thankful for. Despite the unprecedented challenge of COVID-19, the global stock market is having an incredible year.
The U.S. presidential election remains undecided. But the global stock market does not seem to care. In fact, stocks seem overjoyed – the S&P 500 (SPY) and NASDAQ 100 (QQQ) delivered a huge 2-day rally that ranks as one of the best in post election history.
The stock market is moving into the time period that is historically the best six months of the annual cycle. Stocks have a history of delivering great returns from November through April.
The S&P 500 saw a small 10% pullback in September, historically the worst month of the year for stocks. However the leading index was quick to rebound and is now trading just below the all-time high. Looking forward stocks are moving into the strongest six months of the year and I expect more gains this year.
The global gaming industry is expected to see huge growth in the next five years. Corsair Gaming, a leading maker of gaming hardware and accessories, is a direct play on the trend and just started trading on the NASDAQ.
Palantir is one of the largest privately owned companies in the world and shares just started trading on the NASDAQ with means investors can own this stock.
September is historically the worst month of the year for US stocks. It is the only month of the year with a negative return from 1925 to 2019. Looking forward I remain optimistic on the stock market. I am expecting more volatility in the next few weeks but I think the worst of the sell off is over.
