Stock Picks
Capital inflows are on the rise and Investment opportunities are presenting themselves across different sectors around the globe. EasyResearch looks at three opportunities across our currencies which might lighten up your portfolio this week.
EasyResearch looks at 3 stocks to get your week going!
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The Naspers e-commerce and internet businesses spin-off, Prosus has not disappointed over the last year as the share price gained over 59%. This Euro Stoxx 50 Index constituent who also owns a large stake in Tencent Holdings Limited is set to gain some attention this week.
Tencent Holdings Limited who is renowned for their online gaming and social network services recently acquired a majority stake in Klei Entertainment. The studio behind some big names in gaming like “Don't Starve” is set to retain full autonomy despite the takeover. Tencent’s share price has gained from this news and might continue to build on its already impressive gains.
Redbubble Ltd (ASX: RBL)
The COVID-19 pandemic has pushed e-commerce businesses to the front line and it is no different for the global online marketplace, Redbubble. The e-commerce business sells artist produced products like duvet covers, wall art, stationary and even added facemasks during the pandemic. Redbubble also capitalized from the pandemic driven “stay at home” craze which was clear by its latest FY21 trading update for Q1 which saw revenue growth of 98%.
The share price is up 550% over the last year and could continue higher if the pandemic fueled interest from its newly found customers persists.
ARK Innovation ETF (ARKK)
ARK Investment Management founder and CEO Catherine Wood has reignited interest in the Exchange Traded Fund (ETF) market with her ARK funds exceptional returns. The ARK Innovation ETF (ARKK) has returned over 176% in the last year and might continue if “Tech” remains in favor.
The ARK Innovation ETF has seen fund flows increase to $12 billion and has acquired assets under management (AUM) of $23.7 billion. The top holdings in the ARKK ETF include some big names also covered by EasyResearch top picks over the last year like Tesla, Teledoc Health Inc and Tencent Holdings Limited to name a few.
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Informed decisions
Optimism is slowly but surely returning to the markets and while we are not out of the woods just yet by any means as we might expect some sort of correction after some stellar performances. Nevertheless, investment opportunities will present themselves for the long term.
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Read: Stock picks to start your U.S earnings & Inauguration week.
Sources – EasyResearch, IGN, Reuters, Euro Gamer, Koyfin, Yahoo finance.
Take note: stock data was taken on 25/01/2021 before the US market open.
Follow Barry Dumas
@BEEF_FINMARKETS
Barry is a market analyst with GT247, with a wealth of experience in the investment markets. Now in his tenth year in the markets, Barry "The Beef" Dumas brings a combination of technical analysis and fundamental insights to the table.
