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3 Strong buy stocks for sample growth in 2021
We’ve flipped through a new page on the calendar, Old Man ’20 is out the door, and there’s a feeling that ’21 is going to be a good year – and so far so good. The markets ended 2020 with a modest session profit to reduce larger annual profits. The S&P 500 rose 16% during the corona crisis year, while the NASDAQ with its heavy technological representation showed an impressive annual profit of almost 43%. The advent of two viable COVID vaccines stimulates an increase in general optimism. Wall Street’s leading analysts have turned their attention to the stock markets and found the gems investors need to seriously consider in this new year. These are analysts with 5-star ratings from the TipRanks database, and they point to the stocks with Strong Buy ratings – this is in short where investors can expect to find the stock growth over the next 12 months. According to the analysts, according to the analysts, there are at least 70% returns over the next 12 months. ElectraMeccanica Vehicles (SOLO) Electric vehicles, EVs, are becoming increasingly popular as consumers look for alternatives to the traditional internal combustion gasoline engine. While motor vehicles simply move the combustion source under the hood to the electric power station, it does offer real benefits for drivers: they offer greater acceleration, more torque and are more energy efficient and convert up to 60% of their battery energy. in forward motion. These advantages, as EV technology improves, begin to outweigh the disadvantages of shorter range and expensive batteries. EV built for the urban commuter market. Technically, the Solo is classified as an electric motorcycle – but it is fully enclosed, with a door on either side, has a luggage compartment, air conditioning and a Bluetooth connection and drives up to 100 miles on a single charge at speeds up to 80 miles per hour. Charging time is short, less than 3 hours, and the vehicle costs less than $ 20,000. As of the third quarter of 2020, the company has delivered its first vehicle shipment to the U.S. and expanded to six additional U.S. urban markets, including San Diego. , CA and Scottsdale and Glendale, AZ. ElectraMeccanica has also opened four new store windows in the US – 2 in Los Angeles, one in Scottsdale and one in Portland, OR. In addition, the company began designing and marketing a fleet version of the Solo to launch the commercial fleet and car rental markets from the first half of this year. Craig Irwin, 5-star analyst at Roth Capital, was impressed by SOLO’s potential fleet market applications. He writes of this opening: ‘We believe the pandemic is a headwind for fast food chains exploring better delivery options. With chains, the delivery costs of third parties must be avoided and the implications of brand identity of vehicles owned by the driver and the company must be balanced. The SOLO’s 100-mile range, low operating costs and telematics make the vehicle fit well, in our opinion, especially if location data can be integrated into the kitchen software of a chain. We would not be surprised if SOLO makes some big chain announcements after customers confirm the plans. ‘Irwin sets a buy rating on SOLO, backed by its $ 12.25 price target, which implies a 98% upward potential for the share in 2021. (To view Irwin’s record, click here. Speculative technology is popular on Wall Street, and ElectraMeccanica fits the bill nicely. The company has had three recent reviews, and all of them are Buys, giving the analyst’s consensus a unanimous Strong Buy shares. Shares cost $ 6.19 and have an average target of $ 9.58, making the upside 55% one year. (See SOLO stock analysis on TipRanks) Nautilus Group (NLS), based in the state Washington, this fitness equipment maker has seen a huge rise in equities in 2020 as its shares have risen more than 900% over the course of the year, even recent declines in share value.Nautilus won when social exclusion policies took hold and gyms are closed to stop or slow down the spread of COVID-19. The company, which owns major home fitness brands such as Bowflex, Schwinn and the Nautilus of the same name, has the equipment needed to keep in shape stay, offered to home-based fitness businesses. due to the ‘coronary recession’. In the second quarter, the top line reached $ 114 million, with 22% consecutive; in the third quarter, revenue reached $ 155, for a successive profit of 35% and a huge profit of 151% on an annualized basis. Earnings were just as strong, with earnings better than $ 1.04 per share, which was much higher than the 30-cent loss in the previous quarter. 5-star analyst Mark Smith, who owns the stake in Lake Street Capital, holds the stock. Smith is particularly aware of the recent decline in the share price, noting that the stock is now at its highest point – making it attractive to investors. “Nautilus reported results for 3Q: 20 with strong portfolio … We think the company has orders and a backlog to increase sales and earnings for the next quarters and we think we have a fundamental shift in the consumers’ home exercise seen behavior. We would consider the recent retreat a buying opportunity, “says Smith. Smith’s $ 40 price target supports his Buy rating and indicates a solid 120% upside potential for one year. (Click here to go to Smith’s record Strong Buy’s unanimous consensus rating shows that Wall Street agrees with Nautilus’ potential, the stock has 4 recent reviews, and all are for sale, shares closed in 2020 with a price of $ 18.14, and the average target of $ 30.25 indicates that the stock has room for ~ 67% upward growth in 2021. (See NLS stock analysis on TipRanks) KAR Auction Services (KAR) Last but not least is KAR Auction Services, ‘ a car auction company, operating online and physical markets to connect buyers and sellers, KAR sells to both business buyers and individual consumers, offering vehicles for a variety of purposes: commercial fleet, private travel, even the second-part market. die laa In the year for which the full years are available, KAR sold 3.7 million vehicles for $ 2.8 billion in total auction revenue. The ongoing corona crisis, with its social lock-in policy, has put a damper on car travel and the reduced demand for used vehicles across market segments. KAR shares fell 13% in 2020, in a year of volatile trading. In the recent 3Q20 report, the company showed revenue of $ 593.6 million, down more than 15% year-on-year. However, earnings in the third quarter, at 23 cents per share gain, were lower, 11% yoy, and showed a strong successive recovery from the Q2 EPS loss of 25 cents. As the new vaccines promise an end to the COVID pandemic later this year. , and the lifting of the exclusion and local travel restrictions, are the prospects for the used car market and for KAR Auctions in the long to long term, according to analyst Stephan Benjamin, Truist analyst. now assumes that the volume recovery will take place in 2021 compared to 4Q20 according to our previous estimates … Overall, we believe that the 3Q results reflect that KAR is performing well in implementing the initiatives within its control, specifically improving its cost structure and convert to a pure digital auction model. . Looking further ahead, she adds: “… debt and defaults on car loans and leases have increased and we believe that in 2021 there will be a meaningful volume of headwinds as repo activities resume. Repo vehicles are also needed usually additional services that should provide higher RPU.This supply chain should also help to moderate the used price environment and drive traders to fill their plots, which remain from a low of three years. ”In line with these remarks, Benjamin states a price target of $ 32, which is a high 71% an upward potential of one year for the stock, and rates KAR as a buy. (To see Benjamin’s record, click here.) Wall Street is usually willing to speculating on the future of KAR, as noted in recent reviews, which shared 5 to 1 Buy to Hold, and the analyst’s consensus makes a strong buy.KAR sells for $ 18.61, and the average price target of $ 24.60 indicates that it has the space to deal with 32% to grow from that level. (See KAR stock analysis on TipRanks) To find great ideas for stocks that trade at attractive valuations, visit TipRanks ‘best stocks to buy, a newly introduced tool that unites all the insights of TipRanks’ stocks. those of the popular analysts. The content is for informational purposes only. It is very important to do your own analysis before investing.