Mar 4, 2021
Trading in 2020 has been a rollercoaster of wins and losses. The year started with global financial markets collapsing due to the COVID-19 pandemic, oil prices turning negative, Bitcoin surging to $50,000 per BTC, and GameStop making several retail traders very wealthy.
But what about the stock market? Which stocks performed best in 2020? And which ones are worth looking into in 2021?
Telsa Inc. (TSLA)
At the time of writing, Tesla’s market cap is $658.88 billion, while its share price is approximately $697.
By market value, Tesla is the world’s largest automobile manufacturer and an industry leader amongst electric vehicles. The company focuses on creating full green cars that run exclusively on electricity. The company’s CEO, Elon Musk, is currently the world’s richest man, having surprised Jeff Bezos by net worth in 2021. In 2020 the company sold almost half a million units, a whopping 36% increase from the previous year. Tesla has seemingly “ran over” those who questioned its stock’s tremendous 743% year-to-date growth and did not plan to stop.
Apple Inc. (AAPL)
At the time of writing, Apple’s market cap is $2.049 trillion, while its share price is approximately $122.
The mobile and computer manufacturer is amongst the five biggest U.S information technology giants, together with Google, Microsoft, Facebook, and Amazon. The company’s leading product, the iPhone, has become one of the most sought-after consumer products around the world.
While the pandemic delayed the release of some newer products, Apple saw nothing but success in 2020. The demand for home-use-friendly technology led to the company’s revenue surging to over $14.5 billion by the end of 2020, topping all previous years and the forecasted $14.12 billion. Apple has no plans in slowing down, with new product launches on the horizon.
com Inc. (AMZN)
At the time of writing, Amazon’s market cap is $ 1.56 trillion, while its share price is approximately $3,051.
The eCommerce company faced explosive growth that was driven by global lockdowns imposed by the COVID-19 pandemic. Amazon has been performing exceptionally during 2020, with a growth of over 40% in net revenue during the third quarter of the year.
2020 was a record year for the company; despite founder Jeff Bezos choosing to take a step back and choosing Andy Jassy to be the new Chief Executive Officer, the company’s proficiency and expertise in integrated digital platforms allowed it to outperform.
Moderna Inc. (MRNA)
At the time of writing, Moderna’s market cap is $58.69 billion, while its share price is approximately $146.09.
Moderna is a pharmaceutical company that focuses on drug and vaccine development, their most famous invention being the mRNA-1273, the vaccine against COVID-19. The company’s stocks surged when the company announced its vaccine has passed clinical trials and was approved by the FDA.
Unfortunately, the past week has been less successful for Moderna – the stock decline over 15% in the past week. The reason for this happening is definitely related to Johnson & Johnson releasing their own vaccines against the virus. Despite this, Moderna continues innovating and working on new vaccines against other strains.
Microsoft Corp. (MSFT)
At the time of writing, Microsoft’s market cap is $1.716 trillion, while its share price is approximately $227.56.
Microsoft has become a staple in the IT and programming world, being one of the biggest manufactures of computer software. The company has performed exceptionally in all sectors, from Productivity to Business and Intelligent Cloud, over the last year.
Microsoft brought has about $140 billion in cash reserves and $60 billion in annual operating cash flow. Wall Street remains positive that the company’s momentum will continue to strengthen positively into 2020.