In a few days, we will put 2020 firmly on the rearview mirror. This is a proposition that most Americans can completely fall behind.
But for investors, seeing that 2020 is coming to an end may bring mixed feelings. Although it lost more than a third of its value in the first quarter, S&P 500 It looks like it will grow by double digits by the end of this year. This is actually higher than its historical annual rate of return, which is very impressive considering what happened in 2020.
However, crossing the well-known finish line of 2020 does not mean that investors will not be able to generate considerable returns in the coming year. If you have $1
Although technology stocks have received much attention in 2020, there are still many technology companies that offer substantial upside in 2021 and beyond.Near the top of the list is a customer relationship management (CRM) solution provider salesforce.com (New York Stock Exchange: CRM).
As the name suggests, CRM software can help companies maintain customer information, identify potential sales opportunities, record service issues, and manage marketing activities based on a single cloud platform. The retail industry is the logical beneficiary of CRM software, but it is certainly not the only industry that benefits from these solutions. The entire service industry, healthcare, information technology, distribution and financial companies can use CRM solutions provided by salesforce to improve sales performance.
In addition to having a wide audience to provide its solutions, salesforce is also the undisputed main force of CRM.Research Consulting Company Gartner It is estimated that by the end of 2019, salesforce controlled 18.3% of the global CRM market. In contrast, sap, Oraclewith Residence system, Respectively ranked second, third and fourth in the global CRM market share, totaling 19.1%. CRM is a continuous double-digit growth opportunity, and salesforce.com is undoubtedly the first choice for enterprises.
Also, please don’t ignore the company’s recently announced acquisitions Relaxation technique Purchased with US$27.7 billion in cash and stock. The largest deal in Salesforce’s history will allow the company to cross-sell its CRM solution to Slack’s fast-growing enterprise user base, a strategy for competitors Microsoft Has used its Teams platform.
It is expected that Salesforce will achieve another glories in 2021.
Cannabis stocks should also become a hot commodity in the new year, and the US hot pot stocks have the greatest value.Although I don’t believe that federal legalization will be achieved next year, I do see state-level legalization and organic growth in states that are already legal driving a substantial increase in vertically integrated multi-state operators. Cresco Labs (OTC: CRLBF).
Cresco expects its retail business will move forward in 2021. Although Cresco does not have dozens of pharmacy licenses like its peers, it does have 19 locations, about half of which are located in Illinois. Lincoln Land is a limited permit state, which means it will only issue a fixed number of retail permits. Therefore, Cresco’s ability to open 10 locations in Illinois (at least initially) should give it a substantial share of the market, which will have annual weed sales of more than $1 billion by 2024.
Cresco Labs’ greater growth opportunity comes from the wholesale business. In early January, it acquired Origin House in an all-stock manner. The key to this transaction is that Origin House owns one of the cannabis distribution licenses that Dreamco of California wants. With this license, Cresco can put canned products in more than 575 pharmacies throughout the Golden State, that is, based on annual sales, this is the world’s largest cannabis market.
Cresco Labs should be one of the fastest-growing cannabis stocks in 2021, and is likely to shift to recurring profit before the end of the year.
Gold stocks have not attracted enough attention in 2020.I hope this situation will change next year, that’s why SSR mining (Nasdaq stock code: SSRM) Is the stock you want to consider buying for $1,000.
From a macro perspective, the outlook for gold has never been so bright. A record number of global investment-grade debt yields are negative, and the Federal Reserve has made it clear that it will keep lending rates at or near historical lows. Coupled with continued quantitative easing measures (that is, $120 billion in bond purchases per month) and more fiscal stimulus measures, the price of gold will soar.
As for SSR mining, it will benefit from higher precious metal prices, even more. For example, it recently completed an equal merger with Turkey Alacer Gold. The combined entity has four production assets that are fully capable of producing up to 760,000 ounces of gold equivalent each year. Increasing the output of Copler, Seabee and Marigold will be the key to achieving this lofty goal.
In addition, SSR had nearly $220 million in net cash at the end of the third quarter. Most mining companies are still trying to get out of debt from the spending spree that was rampant in the early 2010s. The management team of SSR Mining has always adopted a more cautious approach to spending. The annual free cash flow for 2021 and 2022 is expected to be US$450 million. The company will pay a quarterly dividend of US$0.05 in the first quarter of 2021 and may use additional capital for share repurchases.
At a multiple of more than 5 times the expected cash flow per share on Wall Street in 2021, SSR Mining may be the most attractive gold stock in the entire industry.