London, UK, 4th Oct 2021, – Tower-Bridge broker says the stock market in 2021 has been a roller coaster ride! A lot has happened in the past year and a half. Let’s take a step back and look at some general stock market statistics:
-The S&P 500 Index was up 4.72% so far this year (as of Sep 11, 2021)
-From January 1, 2020, to September 11, 2021, the S&P 500 was down 2.48%
-Last year from the comparison date (Sep 10, 2020) to September 11th, 2021 there was an increase of 26.62 %
-That means that if invested $10k last year it would be worth $11668 this year and $13123 next week (each without any reinvestment or dividend payments)
The average of the S&P 500 (Price of all stocks on that index) for this year is at $300.66 compared to last year’s value of $274.69; that represents an 11.24% increase, which is not bad!
The return for this year does better than the previous 2 years but it still lags behind 2016 (19%) and 2017 (33%).
Let’s see how things are looking globally:
-On a World Index scale, that means including all stock markets around the world, there are some trends that have been quite similar to what has happened in America, just on a different scale. On January 1st, 2020 it was at 25767 now it’s at 42434 representing an increase of 58.54%. The World Index reached its high point on September 11th, 2021 at $5606
-The Euro Stoxx 50 is the index of the 50 stocks traded in Euros in the eurozone (of course this includes other European countries) and was down 1.32% so far this year. It dropped from 2708 to 2488 between January 1st, 2020, and September 11th, 2021; that represents a drop of 8.39%.
Now let’s look at the stocks that we should be investing in for September 2021:
1: Home Depot Incorporated (HD)
Price on September 11th, 2021: $197.05
When I look at HD’s financials and their P/E ratio of ~ 20 I don’t see it as a bad stock to invest in for the short term. They are still growing faster than the average with an expected 7% increase in revenue next year.
Their most recent quarterly report showed that they had seen a growth of 5.3%. Not only do they have many connections around America but they also have experienced strong growth overseas! That is super important since over 60% of their sales come from out-of-country transactions right now! Also, Home Depot owns about 44% of all power tool and equipment sales and 35% of all hand tool and accessory sales. The stock has been somewhat volatile over the past year, but I believe there is still room for growth!
2: Amazon (AMZN)
Price on September 11th, 2021: $2612.42
AMZN is definitely a high-risk stock to invest in since it’s so expensive compared to its peers right now. If we take a look at its 20-day simple moving average we see that the price has been going up ~8% per month which makes sense considering they have had explosive growth recently and continue to do so. It would probably be best to wait until after the holiday season and after their 2nd or 3rd quarter report before investing in this one…
3: Boeing Company (BA)
Price on September 11th, 2021: $329.20
Their latest quarterly report showed that they had an increase of 22% compared to last year. With the huge demand for Boeing planes and recent acquisitions, it looks like right now could be a good time to invest in their stock! Some analysts think that they could become the first 1 Trillion dollar company since Amazon’s revenue was $1.6T last year so I would definitely take advantage before everyone else realizes its true value!
4: Citigroup Incorporated (C)
Price on September 11th, 2021: $80.60 I’m pretty bearish about Citi stocks right now; They’re still struggling to get back on their feet after the last crisis but I think that they will be able to get there with the implementation of new technologies and keeping an eye out for expansion overseas. They are also very active in fintech, which is broadening its influence every day! I’m hoping that by 2021 Citi has had some time to recover some market share before investing, but it looks like this might be possible.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.