The stock market is the easiest and best way to make a passive income for securing a well-off future.
Investing in stocks or buying shares is an easy decision to make, but finding the right stock with a time-tested strategy is indeed an incredibly hard job. To help you out, here are the top 5 stocks to buy this year, which have seen an all-time high and are soaring to new highs. Since the pandemic, stock markets have rebounded so powerfully, making it the best shot for investors to pile up some good profit for their wealthy future.
Top 5 Unstoppable Stocks to Buy
With an ocean of choices in the market, it is indeed hard to decide which stock to buy. Though the stock market is unpredictable, here are the top 5 stocks that show unstoppable growth, reaching all-time highs, and are best to buy for the foreseeable future ahead.
#1: Apple (AAPL)
With the tech giant Apple's (AAPL) immersive growth over the past few years, investors cannot take their money off the table. Even amidst the shift in workload and disruption in the business market during the COVID-19 phase, Apple devices' demand has just increased on many fronts. The iPhone makers have managed to have a leap of over 50% this year, making it one of the top 5 stocks to buy for investors.
2021 will be a flourishing year for Apple with the increasing demand for Apple's new 5G- enabled iPhone. As of February 2021, this millionaire stock sports an all-time high market cap of $2.248 trillion, which is remarkable. However, Apple remains a long-term stock in every investor's book and is a profit best option to buy.
Apple is indeed a good name to have in your portfolio. The significance of Apple as a stock among many others is its close integration of all technology. Apple is not merely focused on one specific product but has an array of other products ranging from smartphones to other electronic items and software control. This is why the unstoppable growth and demand of Apple in the stock and business market adds to its profit.
#2 PayPal Holdings (PYPL)
With the progress of technology and increased online shopping due to the pandemic, PayPal Holdings (PYPL) is a fertile ground for profitable investments. Racking up a gain of almost 117% last year, PayPal Holdings has a respected name in the top 5 stocks to buy today. Even if the pandemic settles, e-commerce enterprises' demand will not slow down instead soar to new heights.
Though PayPal is a latecomer in the fintech market, it serves around 361 million users worldwide, which is a remarkable number. Soaring at an all-time high market cap of $333.82B as of February 11, 2021, it will always top the investor's radar for this year and the future. PayPal is not confining its borders merely as an e-commerce platform; rather, it is expanding as its apps now support QR functionalities for buying products in brick-and-mortar stores.
Yet another key growth driver of PayPal is Venmo, the fastest growing mobile payment system in the market today. With Venmo expanding its functionalities by launching users' ability to cash cheques with the app, PayPal will be an unstoppable stock and is poised to soar higher again in 2021.
#3: Teladoc Health (TDOC)
Teladoc Health (TDOC), the unambiguous beneficiary of the Covid-19 crisis, has skyrocketed to almost 139% in 2020 and is up more than 40% year to date. With the outbreak of COVID-19, patients preferred online health consultation, and thus healthcare stocks like Teladoc Health have become among the top 5 stocks to buy.
As of February 11, 2021, the market cap of Teladoc Health hit an all-time high of $283.69B and is expected to surge higher in the coming years too. With a healthcare provider network of more than 11,000 care locations, distribution channels, and intelligent technology that helps patients in early diagnosis of certain diseases and better treatment opportunity, this stock continues to soar in its growth trajectory for quite a long period.
Teladoc has a significant client base as of 2020 and is expected to increase its client base in 2021 and beyond. Since more than 80% of its revenue comes from its access fee and the number of its subscribers has increased over the course of the year, Teladoc Health enjoys high revenue visibility, which in turn makes it one of the
#4: Tesla (TSLA)
Tesla has seen tremendous growth in the past few years and is expected to soar to a new height in the coming years too. With a market capitalization of around $800 billion, Tesla is the world's largest automaker by value, even larger than Toyota Motor Corp. Even amidst the pandemic, Tesla was able to push up quite a significant amount of revenue and has space for more growth in the coming years, which is one of the major reasons it is included in the top 5 stocks to buy.
As of February 11, 2021, Tesla hit a market cap of $829.88, which is a chink of hope for more opportunities. One of Tesla's most recent earnings and its most significant bright spot was its record number of both its production and deliveries. With its early production and deliveries, Tesla sits atop the industry and has grown into the largest car company in the world.
Over the course of 2020, even amidst the pandemic-related disruptions, the company almost came close to delivering 499,647. The management team at Tesla believes that it can improve on its production lines in the coming years. In the fourth quarter, Tesla announced its delivery of 189,750 electric vehicles setting a new quarterly record.
#5 Fidelity International Index Fund (FSPSX)
If you want broader and cheaper exposure to foreign stocks, here it is. Fidelity International Index Funds (FSPSX) is a comprehensive index representing foreign developed-market stocks' performance. FSPSX has secured its place in the top 5 stocks to buy this year by providing large exposure to financial and industrial stocks.
Unlike other stocks, the expense ratio for FSPSX is relatively low, 0.035%, and yet another perk is that it does not have an investment minimum. It hit an all-time high market cap of $47.24 as of February 11, 2021, and is expected to surge higher in the future.
The significant reason for its popularity is that FSPSX offers a diversified portfolio at a meager cost for investors worldwide. Its returns are mostly subjected to lower volatility because its fund avoids emerging market equities. Fidelity International Index Funds is indeed a valuable asset in your investment portfolio and is going on an unstoppable rally in the coming future.
Top 5 Stocks To Buy - The Bottom Line
This year is the ideal time to kickstart your investment journey. The pandemic is settling down, and the stock markets are recovering, rebounding more powerfully. The list of these top 5 stocks to buy includes everything that could help you secure a wealthy future, and you could reap quite a good amount of passive income.