Dear young people, investing in stock is not only for people 40 years and older. You should think about dedicating part of your time to learning about stock investment and diving into stock trading thereafter.
In the previous days, I have taken you through the beginners’ guide on stock investment, I elaborated on both the technical and fundamental analysis, which you can use to study the market, and make informed decisions.
In this article, I have brought you the 9 best high-growth stocks that young investors should watch closely and add to their portfolio, as analysed by pros. These companies have braved through the COVID-19 pandemic to keep their stocks growing and analysts believe they will only keep growing in the long term.
Amazon is one of the companies whose stock prices have the potential to keep growing. The COVID-19 pandemic where consumers opted for more cashless transactions has only made the company’s stock more valuable as its profits kept on growing as traditional retailers struggled and some had their businesses closed.
As the years pass, e-Commerce is expected to be at the centre of shopping as young people are increasingly coming of age to fully utilise e-Commerce retailing. This is one company whose stock appeals most to young people as does its line of business.
Currently, Amazon’s stock price is $3,262.73 per share.
Carvana is an online used car retailer based in Tempe, Arizona. The company is the fastest-growing used car dealer in the United States.
Carvana provides the possibility of browsing through thousands of cars on their website and when a customer finds car they like, Carvana delivers it to their driveway. There is a money-back guarantee in case what is delivered is not what it looked like online.
What makes this company’s stock worth investing in is that analysts believe it will only continue to grow since online shopping is also expected to continue growing. Who doesn’t want to have their favourite ride delivered to their driveway without going through the headache of going back and forth for a price with dealers? Not me.
Currently, Carvana’s stock price is $221.31 per share.
A member of the Fortune Global 500, JD.com, Inc., also known as Jingdong and formerly 360buy, is one of the biggest e-commerce companies in China providing online retail services, just like its competitor Tmall of Alibaba.
JD’s stock has continued to perform well amidst both the COVID-19 pandemic and U.S. President Donald Trump’s aggressiveness towards Chinese companies. Just like Amazon, JD.com’s stocks surged when China introduced the lockdown, which made online shopping to shoot.
Analysts pit e-Commerce companies to keep growing even post-COVID-19, so JD.com’s stock is worth considering for young investors. Its stock goes for HKD317 ($40.90) by the time of this writing.
Dropbox is a file hosting and cloud Storage Company based in San Francisco, California. Dropbox offers cloud storage, personal cloud, file synchronization, and client software. The company’s brand recognition is partly why it is on this list, but its stock also performed well during the COVID-19 pandemic as teams, individuals and companies looked for options to continue working but remotely during the lockdown period.
Analysts believe that the customers Dropbox got during the pandemic will stick round even post-COVID-19, keeping the company’s stock growth rate high.
Currently, Dropbox’s stock price is t $20.24.
Co-founded by Twitter Chief Executive Officer (CEO) Jack Dorsey and technology entrepreneur Jim McKelvey, Square, Inc. is an American financial services based in San Francisco, California. It is a merchant services aggregator and mobile payment company.
Square provides portable credit-card reader that attaches conveniently to a smartphone and with it, the user technically has a handheld payment device. This card reader can be used by both big and small businesses and as the world moves from a cash to a cashless economy, analysts believe Square will keep growing.
Currently, the company’s stock price is $190.04.
Chewy, Inc. is another online retailer on this list only that this one deals specifically in pet food and other pet-related products. Just like other online retailers, Chewy’s stock value has been boosted by the COVID-19 pandemic as pet owners relied on shopping for pet products in substitution to physical retailers who were affected by the revelation that cats and dogs can also get coronavirus.
Chewy’s stock is expected to grow even post-COVID-19 but currently, young investors can pick up its stock that is currently at $69.63. Apart from Chewy’s stock being expected to grow, the global pet care market is also expected to reach nearly $203 billion by 2025.
Trade Desk (TTD)
Trade Desk Inc. is a tech company that markets a software platform used by digital ad buyers to purchase data-driven digital advertising campaigns for different ad formats and devices. This company provides effective advertising campaigns that target specific audiences.
With more people turning to content streaming during the COVID-19 pandemic, Trade Desk was presented with a bigger audience to consume their advertising campaigns, which meant more growth for their stock. Analysts expect this audience to keep growing even post-COVID-19, which makes Trade Desk an attractive venture for young investors to capitalise on it.
Currently, the Trade Desk’s stock is at $622.61.
Voyager Therapeutics (VYGR)
Voyager Therapeutics, Inc. is a clinical-stage gene therapy company that focuses on developing treatments for patients suffering from severe diseases of the central nervous system (CNS) using a common, naturally occurring virus called adeno-associated virus (AAV) as a treatment carrier.
The company says that one dose of their AAV treatment, which is still relatively in the early phase, could potentially lead to lifelong benefits.
Voyager Therapeutics’ current stock price is currently $11.42, but analysts believe it will grow once the company gets a breakthrough on its treatment so young investors should be on the lookout for it.
Freelancer is a crowdsourcing marketplace. Companies or individuals post jobs ranging from writing, I.T. services, design, and editing, among others, and freelancers bid on them.
Whoever has the best bid in the eyes of the employer gets the job. All this is done online and with the increased number of people working remotely due to the COVID-19 pandemic, the company has plenty of potential to grow according to analysts, alongside its speculative stock.
Currently, Freelancer’s stock price is $0.49.