Top 10 High Growth Stocks To Buy in 2021
Ever since the mass production of COVID-19 vaccines was given the greenlight, the stock market has been surging. However, the first few months of the year have proven that there is still a lot of uncertainty in the air as investors exercise caution in the wake of social media speculation, vaccine nationalism, and company valuations based on numbers that could be pandemic-specific. Value stocks are having their day as growth stocks recede following financial volatility and uncertainty. But analysts believe that growth stocks are set to bounce back. The technology revolution is the prime move of growth stocks. A report by Value Line Funds says that S&P 500 Value Index outperformed the S&P 500 Growth Index from 2002 through 2006. However, things started to change in 2007 amid the rise of tech startups that disrupted key markets including transportation, payments, retail and healthcare. In the 13-year period through 2019, growth stocks outperfor
Top 5 High Growth Stocks To Buy in 2021
5. Tencent Holdings Ltd. (OTC: TCEHY)
Tencent Holdings Ltd. (OTC: TCEHY) is a Shenzhen-based multinational technology firm specializing in internet-related services. It offers products in entertainment, artificial intelligence and other technologies. The company was founded in 1998 by a group of Chinese businessmen. American publication Bloomberg reports that Tencent is the largest video game vendor in the world. It operates a social network, a music service, a web portal, mobile and video gaming firms, as well as e-commerce and smartphone companies.
Tencent has a market cap of $800 billion, making it one of the most valuable companies in the world. It posted a revenue of close to $74 billion in December 2020. Tencent shares have continued to hold steady even after the regulatory scare that has affected other Chinese firms. The stocks of the firm had a strong 2020, closing on a 32% year-over-year growth in value-added services. The online