Many companies and their share prices exploded last year. Now, 2021 shows a similar pattern and holds great opportunities for investors aiming to invest in different stocks with a good historical performance. This article will give you in-depth details about the top 3 must buy stocks, which have profitable growth expectations in 2021.
Newmont Corp. (NEM)
Newmont Corporation is based in Greenwood Village, United States, and is the world’s largest gold mining company. It has ownership of gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname.
It is considered a valuable stock to own as a hedge against inflation. Analyzing the current economic conditions and rumors about rising interest rates and inflation in the US, this stock is a must-buy 2021.
Newmont Corp. did not perform up to the expectations in the first quarter, advancing 1.6% upon factoring dividends. Despite the continuation of heavy stimulus spending, a dovish Federal Reserve, and a planned $2 Trillion infrastructure package, the dollar has not seen a fall yet. The gold prices have fallen about 9% year to date while the prices of copper are on the rise.
However, Newmont’s 94 million ounces in gold reserves and 41 billion in copper pound reserves and resources puts the company in a strong position for the future. Furthermore, the company pays a healthy 3.6% dividend yield to its investors, making it a perfect long-term investment.
Walt Disney Co. (DIS)
Walt Disney is an American diversified multinational mass media and entertainment industry that has been in the industry since 1923. It is one of the fastest-growing corporations in recent years. Disney’s streaming content “Disney +” came in at a perfect time during the pandemic, and the impact was reflected in the share price.
Despite the fact that the shares rose only 1.8% in the first quarter, Disney remains an excellent “buy and hold” investment opportunity for long-term investors. Disney+ gained more than 100 million subscribers in a span of 16 months, and there is enormous room for more growth. Furthermore, its parks, experiences, and product segment will positively impact the coming months due to promising vaccination results.
This is the perfect opportunity to buy the stock and wait for the profits to reflect on your portfolio in the future. The economy is gradually recovering, and people will want to enjoy the outdoor experiences.
Microsoft is dominating the infrastructure software industry with a market value of $1.6 trillion and giving its investors a whopping dividend yield of 1.1%. Microsoft is considered to be one of the most stable stock with excellent financial strength.
Though Microsoft earnings saw a decline between 2011 and 2017, their earnings have doubled since they have released their cloud computing. Cloud computing became Microsoft’s most significant source of revenue.
Analysts predict Microsoft’s earnings to increase by an average of 15% for the next five years, which is double the rate of the past five. Another reason to invest in the stock is due to a good history of providing dividends to its shareholders.
Microsoft is the perfect blue-chip stock that must be added to your portfolio in 2021. The company is on an upward trajectory with huge growth potential.
All the above-mentioned stocks show promising results and are a perfect pick for a well-diversified portfolio. As the economy is recovering and vaccines are rolling out in massive amounts, this is the ideal time to seize the opportunity and modify your portfolio accordingly before the stock prices shoot up and it's too late.