Tech Stock Coming Out The Gate Leading The Pack For 2021
- The Money Trade
- Jan 20, 2021
- 1 min read
Yesterday was good day for my portfolios as all three major indexes were up. Comcast was a top mover, whereas Ford and Nio remain popular. Information Technology was the top sector for 2020, and it's keeping momentum, at least so far for 2021. Consumer Discretionary is closely behind as the #2 sector early in the first quarter.
Consumer Discretionary companies like McDonald's, Chipotle, and Nike did very well last year in the midst of the pandemic. Chipotle is a well known brand though price per share is kind of pricey. Tech companies like Tencent Holdings, Alphabet (Goog), Apple, and Facebook will continue to be competitive in the near future.
Let's face it, we're living in a Tech driven world so why not benefit. A company like Ability Inc ($0.72) may someday be a major player on a Global scale. For now Tech is leading the pack, and it's interesting to see how this first quarter will play out considering how another sector is closing in fast.
Today is the presidential inauguration, which the entire world will be watching. But while they're swearing in the incoming administration, my eyes are looking for the best stock to invest in while Biden is in office.
Dow Jones (+116.26), NASDAQ (+198.68), S&P 500 (20.66)
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