It’s been a wild ride so far in 2020 as the stock market soared to never seen before heights. In the midst of a global pandemic and unprecedented uncertainty, the stock market seems to be in full swing with not signs of slowing down. As the market continues its rally, investors should be on the lookout for stocks that have the potential to realize tremendous gains.
One such stock is Zoom Video Communications. Zoom has seen a meteoric rise since the start of 2020. The company’s stock price has risen from around $90 per share in January 2020 to currently hovering around $500 per share. The company’s success can be attributed to its increasing popularity with both businesses and individuals seeking out its services to remain connected during the pandemic. Zoom has also seen growing demand for its products as many employees transition to full-time remote work during the pandemic.
Another stock to keep an eye on is Shopify. The eCommerce platform has seen its stock price skyrocket in 2020 thanks to the increased demand for its services. Shopify has made it easy for businesses to set up online stores. With more consumers turning to online payments as shopping shifts to the web, Shopify’s products have seen an increase in demand. It has left no sign of slowing down and is sure to keep providing huge returns to investors that get in early.
Finally, a stock to watch out for is Wayfair. The home furnishing retailer has seen its stock price surge this year as it moves into the spotlight. With so many people unable to go outside, Wayfair has been able to benefit from the increased demand for home furnishings and services. In addition, its subscription-based services have attracted a loyal following as shoppers look to have access to a wide variety of products from the same platform.
With the stock market in full swing, now is an excellent time to invest in these stock. Zoom, Shopify, and Wayfair all have strong fundamentals and the potential to make investors very happy. Make sure to keep an eye on these stocks before they get away and make sure to get in on the ground-floor before the prices take off.