The end of 2020 is just a few months away, and the holiday season is quickly approaching. This is a time when people worldwide come together, celebrate, and make sure all their loved ones are taken care of. For investors, this holiday season could prove to be especially profitable, as there are certain stocks to look out for.
The stock market typically experiences bullish activity during the holiday season, and 2020 is no different. Stocks in the consumer stocks, technology, and healthcare sectors could be ripe for the picking.
Let’s start with consumer stocks. Consumer stocks, which are related to the production and sale of goods, have been doing very well throughout 2020 due to high demand for their products. With people spending more time at home due to the pandemic, they are spending more money on consumer goods, leading to an increase in prices and stock prices. Notable stocks to consider would be Goldman Sachs, Amazon, and Walmart.
Technology stocks have also been trending upwards this year, with an increasing reliance on technology from both individuals and businesses. Companies like Microsoft, Apple, and IBM have dominated the technology sector this year, with strong performances across the board. Some lesser known tech stocks to watch out for would be Alphabet (Google Parent), NVIDIA, and Shopify.
Finally, healthcare stocks have also been performing well due to the pandemic, as governments around the world have prioritized research and development in this sector. Companies like Johnson & Johnson, Merck, and Pfizer are some notable stocks in this sector to watch out for.
Overall, the holiday season could be a great time for investors, with the stock market primed for gains. As always, it is important to remember to research and do your due diligence before making any investments. With this in mind, there could be plenty of opportunity to make some profits this holiday season – so don’t miss out!