After the unforgettable year of losses, Wall Street is hitting back, and investors entered 2021 with renewed hope for a robust stock market.
As the economy continues to contract due to the ongoing pandemic, new investors are also looking to locate the best stocks to buy that will reward with hefty returns.
With job losses across the board, Americans find innovative and adventurous ways to supplement income, and the stock market becomes a viable attraction.
You may want to start investing, so take a look at the best stocks to buy in 2021.
10. IZEA Worldwide (NASDAQ: IZEA)
You might be hearing about this software company for the first time, but it’s not new. In fact, analysts predict that with the company’s recent game-changing transformation, it is poised to grow speedily over the next few years.
IZEA stands at the top of the list of best stocks to buy by some analysts. The company has the potential to be one of the biggest on the market in years, and there are current returns of 79% on this stock and a buying price of $1.82 each. They are currently worth $3.25 each on the stock exchange.
9. OncoCyte (NYSEAMERICAN: OCX)
OncoCyte is a biotechnology company offering genetic testing to medical practitioners for their radical patient care. Gene testing’s main goal is to bring personal and customized care to patients for accuracy in diagnosing an illness and administering a prognosis.
Many health professionals believe gene testing is the way of the future and can become mandatory for patients to get a genetic test before the doctor can issue a prescription.
It’s approximately $229 to get a test done presently and can only get cheaper as the world moves in that direction. OncoCyte can only grow stronger, and its stocks overflow into good fortune for investors. The current return is 59%, buying is $2.39, while the stock is worth $3.80.
8. Bed Bath and Beyond (BBBY)
One of the best stocks to buy this year is the Retail Company stock (NASDAQ: BBBY). A substantial amount of work will manage the company to ensure that the stock emerges as a vibrant winner by years’ end.
This company was a non-entity in 2020 but has survived the year’s pandemic and is steadily gaining momentum to bring a massive windfall. The buying price is $17.76, while its present worth is $26.66 on the stock market. It is giving a yield of 61%.
7. Walgreens Boots Alliance (NASDAQ: WBA)
There is a positive long-term outlook for this pharmaceutical company. Founded in 1901, it now spreads across eleven countries, with 21,000 stores. It also has a strong presence in over twenty-five countries when you include equity investments.
Walgreen generates $139.5 billion yearly in revenue, and its stock has a $34 billion market capitalization. It has increased its dividend for 45 consecutive years and is referred to as a Dividend Aristocrat. You need $38.88 to buy at present, and the stock is worth $46.86 on the stock exchange. It has a return of 18%.
6. Castle BioSciences (CSTL)
This Diagnostic Research company has a market value of $1.2 billion. They only started trading eighteen months ago and have catapulted to a 262 percent growth since their initial public offer (IPO) of $16 per share.
Analysts are betting on health care to grow funds this year, and Castle BioSciences (CSTL $58.05) is one of those bets. Their headquarters is just outside Houston, developing proprietary skin and eye cancer tests. Analysts now rank Castle among the 10 best stocks to rush for in 2021.
5. Electronic Components (IEC)
The electronic component company has a value of $121.9 million. It’s in the business of providing equipment and devices for the defense sector and medical arena.
Presently, business is booming, as these are the two sectors that are always busy (along with communication) even when other sectors are struggling. IEC shares are $11.61 with a market capitalization of $122 million.
4. Hilton Worldwide Holdings (HLT)
Hilton Holdings (HLT) are in the lodging/tourism business with a $29.6 billion in market value. COVID 19 curtailed this entity, and sales went down by 50% in 2020.
However, analysts are betting that as vaccination proceeds and world economies rebound, Hilton Holdings will be in full recovery mode.
At $107 per stock, Matt Goershuny, co-manager of Parnassus Mid Cap, recently bought and confirmed that demand would pick up as the pandemic fades.
3. Alibaba Group (BABA)
The internet retail giants are firmly established on Wall Street with a market value of $713.7 billion. Alibaba Holdings (BABA, $263,80) now has 11.1% of assets under management and is the second-largest holding behind Chinese Tech conglomerates Tencent Holdings (11.3% TCEHY).
Alibaba is now blooming, and its revenue has tripled in the past three years. So, their stock is booming too! This is one of the best stocks to buy in 2021 as the company continues on the up-side. The group includes Alibaba.com, Alibaba Cloud, AliExpress, AliOS, Alipay, AliGenie, Taobao and Tmall.
2. Pinterest (PINS)
As a social media mogul, Pinterest is holding its place on the Stock Market. It has a market value of $42.3 billion! The networking app (PINS) stock is now worth$68.47.
It allows users to share images that provide inspirational experiences through grouped keywords. The app makes its money through advertisements and is in partnership with Shopify (SHOP).
Pinterest’s new ad technology platform is designed for advertisers to upload their catalogs to them, and with just a click, Pinterest’s cash value grows. Experts believe that Pinterest shares will increase by 25% over the next four years.
1. Upland Software (UPLD)
Upland Software (UPLD, $42.83) interface with industry marketers to provide software and has a market value of $1.3 billion and growing. Terry Tillman, a right on the money analyst with Truist Securities, picked Upland to prosper in 2021.
Tillman also picked Okta (OKTA) to grow in 2020, and it more than doubled through December. So, although it’s risky, like anything in the stocks business, Upland is one of the best stocks to buy in 2021. They have more than ten thousand customers and grew by 35% in the last quarter.
So, there you have it. There is a stock to suit everyone’s budget. Risky business, mind you, but the medium to long-term gains can be substantial.