10 Best Upside Stocks to Buy Right Now
As technology-related growth stocks undergo a lean spell after record-shattering gains over the past twelve months, the future outlook of the broader market has become uncertain. This is primarily the result of confusion around new infrastructure plans, which still have to pass Congressional politics before becoming law, and the slow burnout of fiscal and monetary stimulus packages designed to help businesses through the pandemic. In such a scenario, even market experts are finding it hard to predict growth catalysts over the next few months.
Some of this uncertainty is due to the dominance of the large-cap technology stocks on the market that have been responsible for the majority of the overall growth over the past decade. In the first three months of 2021, a whopping 85% of stocks on the S&P 500, more than 20% of which is made up of large-cap tech firms, beat profit expectations of Wall Street analysts. Some of the companies that drove this rally and are expected to continue on the path include Apple Inc. (NASDAQ: AAPL), Shopify Inc. (NYSE: SHOP), and Micron Technology (NASDAQ: MU).