The stock market has a vast range of emerging stocks that hold potential in the long-term run.
The COVID-19 pandemic has given hard time to the global economy. Most of the companies have had serious issues due to the unprecedented economic situation. In the meanwhile, some industries have emerged in the stock market with massive potential.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
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The stocks that have made a bold move and have shown promise include tech, health, telehealth, streaming, electric vehicles, green energy, and cannabis stocks. Let’s see which stocks are emerging in the market and hold long-term potential.
Tesla (TSLA)
The Electric Vehicle giant and the market leader had a record year in 2020 and continues to outperform the stock market in the initial days of 2021. The difference between Elon Musk and Jeff Bezos net worth is narrowed down. Reportedly, Musk is shy of $11 billion for becoming the richest man in the world. All thanks to Tesla as it continues its bullish momentum.
Tesla soared over 700% in 2020, the question is that does the EV maker still has enough upside? Several analysts have a price target of up to $1,000. But, is Tesla an emerging stock, still after crossing a market cap of $730 billion? I think so yes.
The reason that the company has just made its global impact in the past couple of years and has much more discover. The EV market is expected to grow at a faster rate each coming year. Moreover, Tesla is working on various things that are just a debate at the moment—a strong point going forward.
Tesla is defining a new era and creating a whole new industry. It’s not only Musk’s EV maker that would benefit from its technology, but it will drive the whole market along with it.
Airbnb (ABNB)
The rental online marketplace firm, Airbnb (ABNB) was recently listed as a public company on Dec. 10, 2020. The pandemic has highly affected the travel industry, and Airbnb was no exception. However, things have started to calm down. CNBC’s Jim Cramer believes that with the resuming of the travel industry, stocks like Airbnb will take benefit.
For the first 9 months of 2020, the revenue of Airbnb plunged over 32%. Though things were different in 2019 and the company was on the way to continuing its profitable growth. It was unfortunate for ABNB to make its IPO in a year like 2020.
Back in 2019, the company recorded a 32% increase in its revenue. Moreover, Airbnb recorded strong annual revenue growth as we dig deep into the past. The company has introduced a new dimension with the push for industry transformation. Airbnb brought this level of change to lodging, with the introduction of unique and comfortable short-term rentals.
The fact that Airbnb holds its market and is not dependent upon hotels. That’s a key factor that will keep the company to continue growing in the upcoming years.
Quidel Corp. (QDEL)
Quidel Crop. (QDEL) is a leading diagnostics manufacturer that sells its products across the globe. The healthcare stocks had a great time in 2020 and the future holds more for them. The demand is increasing as the health issues are growing at an alarming rate—the COVID-19 pandemic set aside.
The company sells tests that are done for the detection of viruses like influenza, strep throat, chickenpox, shingles, and many more. Quidel is also providing a test that can detect SARS-Cov-2, the virus that causes the coronavirus.
Quidel stock has grown swiftly over the past five years. The earnings per share have grown 136% annually during the last five years. According to MarketSmith.com, QDEL stocks ranks at the 8th spot among the 150 fastest-growing stocks. The company recorded a whopping growth in adjusted profit to $5.78 per share during Q3 2020. Also, the sales have accelerated over the past eight months period.
So, Quidel Corp. (QDEL), with its current growth rate, is a long-term stock that could bring massive gains for investors.