7 Hot Stocks to Buy Now Before They Take Off

They’re already soaring…

This story was originally published here.

The S&P 500 finished 2020 with a gain of 16.16% and more than 300 of its components posted positive annual returns. Statistics like that could imply upside for this year is limited, but there are still plenty of hot stocks to buy now that offer considerable potential.

Supporting the case for being constructive on stocks in 2021 is the sheer depth of where hot stocks hail from. Last year, the technology and consumer discretionary sectors were the two largest contributors to S&P 500 upside – themes that could remain in place this year as growth stocks remain in style and as the economy eventually reopens.

Likewise, there’s momentum for cyclical and value stocks based in part on the notion that the incoming Biden Administration will favor policies efficacious for sectors that scuffled a bit last year. There are other catalysts for hot stocks this year.

“Improving economic conditions likely will lead to greater business and consumer confidence, which should drive significant corporate earnings growth in 2021,” according to Wells Fargo. “This, coupled with the potential for increased fiscal spending and a moderation of tariffs, also may provide a tailwind to profits.”

With those factors in mind, here are some hot stocks to buy now in advance of 2021 gains… Story continues here.

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