2020 has been an important year for stock trading on the Nasdaq stock market. This Nasdaq Composite (Nasdaqindx: X IXIC) Other large markets have dramatically outperformed benchmark gains, demonstrating the power of companies to call the Nasdaq home.
Going forward in 2021, the Nasdaq stock market is fertile ground for rising stars in the world. The entity in charge of overseeing the companies that make it reputable Nasdaq-100 Index Recently announced that six new brand-new members will join the index from Monday, December 21st.
One of them, American electric power (NYSE: AEP), As it moved from the New York Stock Exchange (NYSE) to the Nasdaq earlier this year. However, the other five have made huge gains in 2020 and are poised to continue their winning streak in 2021. Let’s take a look at the five that have the most promise.
MTCH data by vicharts.
1. Peloton Interactive
Peloton Interactive (Nasdaq: Petion) The group has been a high-flying company, with its share almost quintupling in 2020. The home-made interactive exercise-equipment company has been buzzing with fitness fans for a while, but the Covid-19 epidemic has really boosted demand for its stable bikes and treadmills. . Now, the company is in a jealous position of customers who are more interested from a supply-chain perspective.
Image Source: Peloton Interactive.
Some fear that as many big competitors as there have been in recent times Apple Duplicating his line of interactive fitness content can pave the way for a pilot break. However, Piloton knows its first mower advantage, and it can do everything to increase the value of its platform for subscribers – both those who currently own Piloton equipment and those who fully use its application. Despite being under epidemic control it spreads well for the survival of the peloton.
2. Octa
Shares of Octa (Nasdaq: Octa) That’s a 133% increase so far in 2020, and that’s why it’s easy. When your entire workforce has to move to the cloud due to restrictions on collecting important locations of employment, you need an identity-checking software platform that Octa provides to ensure that your important proprietary information remains secure.
Octa’s sales grew 422% year-on-year in the third quarter, boosting revenue growth in increased demand. Octa’s biggest news is that large financial institutions are finally starting to take an interest in the company’s services. Since banks are usually the last to sign up with the new technology, it is an important milestone for Octa and will provide another step in revenue in 2021 and beyond.
3. Atlasian
Australia Australian Atlasian (Nasdaq: Team) With a myriad of platform tools designed to help people work together more efficiently, the workplace-collaboration bandwagon has come a long way. For example, its trail productivity software helps to manage software workflows from anywhere, streamline production and ensure timely delivery and completion of projects.
The growing need for help to collaborate remotely has been a major factor in doubling Atlasian’s stock by 2020. Nevertheless, the company is still building its product portfolio to include more tools and yet it has ambitious plans for international infiltration into the markets. Tapped. With efforts like its building venture funding to accelerate new applications, Atlasian hopes to bring in new subscribers and keep its growth at a top pace.
4. Match group
Match group (Nasdaq: MTCH) Another dating online dating service is the company behind the popular mobile dating app Tinder. With offline flight dating methods largely blocked during 2020 due to the epidemic, match assets have performed very well. The company has global scope, and more recently, its international business has outperformed its domestic operations.
Long-term trends favor online dating, so the match has a chance to move beyond 2021. Despite a more than 90% increase for the stock, Match Group has more room to walk in the coming year.
5. Marvel Technology
In the end Marvel Technology (Nasdaq: MRVL) Taking advantage of the upgrade cycle for new 5G wireless network technology. Marvel’s semiconductors are designed to help its customers advance in technology in areas ranging from cloud computing to automotive and wireless solutions, and with the rollout of 5G, Marvel’s products are in high demand. This stock has shipped over 80%.
The 5G Revolution is just beginning, however, with the rollout of smartphones and mobile devices that use the full capabilities of an upgraded wireless network. With wireless carriers rushing to get 5G functionality to as many customers as possible, Marvel should continue to see much bigger purchases in the future.
Keep an eye on these winners in 2021
Some investors will warn that the best performing stocks in 2020 will have to drop the requirement next year. But for many potentially strong industries, upsurges can last longer than you think. Regardless, these five companies will receive a lot of attention as part of the Nasdaq-100 index, and that makes them worth seeing in 2021.
