Visa – 3 Tech Stocks to watch in 2021
2020 has been a great year for tech stocks, with the Nasdaq 100 index rising by over 40%. Many of the leading stocks had little or no coverage at the start of the year, just before investors woke up to a global pandemic. This catalyst has produced all kinds of winners and losers, but cutting edge digital technology has made it to the top of everyone’s shopping list, along with Zoom Video Communications, Inc. (ZM), DocuSign, Inc. (DOCU) and Peloton Interactive, Inc. (PTON) are generating enormous interest.
Key points to remember
- 2021 is expected to bring tech leadership back to more traditional games.
- Uber Technologies, Inc. (UBER), Twitter, Inc. (TWTR) and Visa Inc. (V) could all post higher annual returns next year.
- Visa could lead the Dow Jones Industrial Average in 2021.
It is wise to expect more traditional tech trading opportunities in 2021 as the planet slowly returns to normal, or at least to the “new normal”. Stocks that still have a few hurdles to jump through could become the biggest winners of the year, especially if they performed better than expected in 2020. With that in mind, let’s take a look at three tech stocks to watch in 2021, with a view to uncovering the most. big winners.
A catalyst is an event or other news which propels the price of a security dramatically up or down. A catalyst can be almost anything: an earnings report, an analyst review, a new product announcement, a law, a lawsuit, the outbreak of war, or an offer to buy a company.
TradingView.com
Uber Technologies, Inc. has seen an excellent 75% return so far in 2020 and is trading at an all time high, but the rideshare company is not close to reaching its earning potential as customers are reluctant to book trips due to fears of infection. The hugely successful UberEats delivery service has taken part of the game, but the toll is still dripping with red ink, awaiting the return of full passenger loads.
The title made a round trip to the July 2019 high at $ 47.08 after a California voting initiative gave contract drivers the green light, sparking a breakout that has now stalled in the 1950s. Sellers could turn to this level in the coming weeks as the impact of the second wave forces investors to rethink exposure. But better times are ahead, with vaccines hitting the globe in the first half of 2021, raising the chances that Uber will see the profits it now expects for the second half of the year.
TradingView.com
Twitter, Inc. has shaken political headwinds in 2020, avoiding the scrutiny facing its rival Facebook, Inc. (FB). Of course, the action has significantly underperformed other social media games for years, and has less to lose if the industry grapples with draconian regulations. In addition, CEO Jack Dorsey and the company are finally engaged in the renovation needed to increase profits, including a new advertising system that is expected to go live in 2021.
The company went public in the mid-1940s in 2013 and posted an all-time high of $ 74.73 a few weeks later. The subsequent downtrend hit a low in mid-teens in 2016, giving rise to two tests of support, followed by a rally wave that came to a halt in the opening impression of the IPO in 2018. The stock finally broke through this barrier in 2020 and has just successfully tested a new support, establishing a floor that should support low risk entries.
TradingView.Com
2020 ended the debate over the qualifications of the Dow component of Visa Inc. as “big tech,” with the pandemic triggering huge advances in the digital payments industry. Unfortunately, the stock is highly dependent on the total volume of payments, which suffered due to …
News Highlights
- According to the source 3 Tech Stocks to watch in 2021
- Check all news and articles from the tech news updates.
