The first half of 2021 was fairly quiet for investors due to low earnings reports. However, June has seriously exciting news for investors who wish to create a diversified stock portfolio. They can achieve diversification by investing in stocks from different industries.
Tim Sykes, the successful penny stock trader who turned $12,000 into $6.7 million, believes that small wins add up. The road to success is slow but steady. Also, investors must look at hot stocks, not seasonally or monthly but weekly.
Top Stocks to Invest in This Week
From Virgin Galactic to Vuzix, multiple players are expected to perform well this week. Below are stocks that merit the attention of investors who aim to gain profit.
- Skillz Inc.
In May, Skillz reported results for Q1 of 2021, and they were a mixed bag for investors. On the positive side, it showed 92% growth in revenue over the first quarter of 2020. Also, the company reported a 17% conversion, which was eight times higher than the average in the industry. On the other hand, there was a loss of $0.15 per share.
However, June is expected to be a better month for Skillz and its investors. With impressive revenue, the company spent over $96 million (106% increase) to get new customers. Experts believe Skillz will grow more in future, which gives a significant reason to invest in it. Investors who believe in short-term stories can reap the benefits of the company’s current position.
- Virgin Galactic Holdings Inc.
Virgin Group’s spaceflight company is the safest bet right now. The space industry is booming, and Virgin Galactic is getting all the attention. In the last year, the company’s stocks skyrocketed 300% (although they dropped 75% after that).
Experts believe Virgin Galactic holds the potential to reshape the way people think of space. If it succeeds in its mission to take humans to space for Mach-speed travel, the company can open the doors of a multibillion-dollar market. Although Virgin Galactic isn’t among the top stocks of the year, it is leading the world’s current space industry, which is a good reason to add it to the stocks to watch this week.
- Vuzix Corp
The developer of augmented reality devices experienced a growth of 1,500% in the past year, thanks to the increased demand for AR devices during the COVID-19 pandemic. Headquartered in Rochester, Vuzix went public in 2013, and, after two years, Intel invested in the company.
Over the past five years, the company’s revenue rose significantly, especially during the last year when the healthcare industry needed its M-series glasses. From $2.13 million in 2016 to $11.58 in 2020, Vuzix’s revenue grew 74% significantly.
Wall Street experts believe Vuzix’s revenue may increase to 88% in 2021. Although it’s not a huge profit, it may help the company narrow down the loss from $26.5 million in 2019 to $17.9 million in 2020.
A significant reason to invest in Vuzix this week is its rapid growth. In addition, it is a potential winner in the AR race that can provide a win-win situation for investors.
These are stocks to watch this week. Investors can also keep a close eye on other companies like Callaway Golf Co, Roblox Corp, and Ford Motor Company with the help of gm stock forecast.
I’m a 20-something stay-at-home mother and wife. I have an amazing husband, a beautiful daughter, two loving dogs, and a lazy cat. I wouldn’t change my life for anything! I love to read, listen to music, cook and blog!
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