For all the unexpected changes in 2020, a few sectors merely advanced goals that they thought would take years to complete. Major software companies shifted heavily towards work-from-home and other remote-work trends, allowing them to be top winners.
That trend may not be over yet. The shift this year looks set to solidify next year. And many of the top-performing stocks in the space this year are likely to be big winners next year as well.
Bank of America recently resumed coverage in the space, providing a number of buy ratings in attractive software names.
- Crash Warning: Everything just changed
After 18 months of near vertical gains…the greatest bull run in history is starting to falter. And while some experts are urging investors to "buy the dip"…others are warning that the worst crash in financial history is straight ahead. Who's right…who's wrong? And more importantly, what should you do with your money right now to get ready?
The answer could save you potentially hundreds of thousands of dollars in the coming weeks.
Make no mistake, a major market shift is already underway... and this is the exact day it's going to hit U.S. stocks.
Action to take: Of the buys listed, Salesforce (CRM) looks attractive right now. The company was added to the Dow this year, but also saw its shares drop on a number of pricey acquisitions. If the company can refrain from buying too much next year, shares are likely to trend higher, topping their all-time highs from early in the autumn.
The March 2021 $250 call, last trading for about $8.80, looks attractive as a rebound play in the coming months. If shares managed to soar to their all-time high of $270 again, the option would be worth $20 at expiration, more than double. Even with a smaller move, traders should still be able to grab mid-to-high double-digit gains on shares.