January 2021 will be known as a historical month for the stock market when retail investors were able to make stocks like AMC and GameStop fly. However, new and veteran investors should be thinking more about some of the more long-term stocks they could pick up. Consider purchasing some of these stocks in early 2021.
Disney had a bit of a rough year in 2020 due to the closure of its theme parks and not being able to screen movies like Black Widow in movie theaters. However, 2021 is expected to bring a lot of upside to Disney due to vaccination efforts opening up more public activities. Disney + is also expected to grow the company through the release of new content like its line of Marvel TV shows.
Traditional cafes have had a tough time in the past year due to many people working from home. Starbucks has been able to beat this trend though through its focus on delivery and drive-thrus. The company is expected to focus its stores more on these forms of distribution while expanding the company’s outreach further into large countries like China. By looking at their numbers, it’s expected that they won’t slow down anytime soon.
The focus on CPU manufacturing has led AMD to become one of the most booming companies in the tech industry for the past couple of years. AMD was able to continue its surge in 2020 due to the release of the Xbox Series X and PS5 which both use chips for their CPU and graphics units. The computer industry also got a boost from AMD with the release of multiple AMD Ryzen chips which are known for now matching and beating similarly priced chips from Intel in gaming. It’s expected that AMD will grow in 2021 due to constantly having to keep up with the demand for gaming consoles along with spectacular growth in the computer industry.
E-commerce had one of its best years in 2020 due to people having to stay at home and quarantine rather than shopping in person. Shipping companies like UPS were able to take advantage of this by shipping for many of these businesses, creating more business than ever before. It’s expected that UPS could even raise the stock price in 2021 higher due to the company potentially having a key part in the vaccine distribution process.
Bank of America
It was expected for many banks to end up in financial trouble and potentially shutting their doors down when the COVID-19 pandemic started. However, it seems like banks such as Bank of America were able to avoid a crisis like 2008. The reason for this is that the Financial Reserve has been able to ensure that the market has been strongly supported to ensure that a pandemic couldn’t crash it along with trading not being as dangerous as it was just over a decade ago. For these reasons, Bank of America and other financial stocks can be great to invest in.