Top stocks to watch in December 2021

Here are our top stocks to be watching for the final month of 2021.
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3 min read
Numbers

The final month of 2021 is here and overall this year has been quite a unique year for investing. Despite the still ongoing pandemic, some stocks have even hit all-time highs, for some stocks this is justified but others do appear to be hugely overvalued. Here are our final monthly top stocks for the year.

Shopify

Shopify has become a huge provider of eCommerce stores and has become a well-positioned platform for businesses to easily begin selling online. This year’s Black Friday just shows how well Shopify is doing as a platform – almost $2.9 billion was spent on Shopify stores – an 21% increase over Black Friday 2020.

Our opinion:

Shopify is a very powerful platform that helps anyone sell online and due to the pandemic the transition for some businesses to turn to online sales has only accelerated. Overall Shopify is a very well run business and just by looking at the Black Friday figures, Shopify clearly has become an important part of the internet and likely is a great stock to hold for the long term.

  • 2021 Black Friday sales per minute: Almost $3.1 million.
  • 2021 Q3 Revenue: $1,123.7 million, up 46% year over year.
  • $7.52 billion in cash, cash equivalents and marketable securities as of 30th of September 2021.

Coinbase

Cryptocurrency has had an amazing year in 2021. There has been a huge increase in popularity and more people than ever are buying cryptocurrency.

There are many exchanges people can use to buy cryptocurrency, but Coinbase is perhaps the most well-known platform. The increasing popularity of crypto is a huge benefit for Coinbase and if crypto continues to grow and become more popular it can only be good news for the company.

Our opinion:

Coinbase is a hugely popular crypto exchange and they are well-positioned to benefit from the increase in crypto popularity. Like with crypto itself, however, Coinbase is a more risky investment due to market conditions. However, the company has huge potential for the future, providing crypto continues on the path it is on.

  • 2021 Q3 Net Revenue: $1.2 billion.
  • 2021 Q3 total verified users: 73 million.
  • 2021 Q3 Monthly Transacting Users: 7.4 million.

American Express

This company had some difficulties at the start of the COVID-19 pandemic, as many people around the world suddenly started to spend less and that was not good for American Express. The company has mostly recovered from this now, even though COVID-19 caused some issues for the company they were always in a strong position for recovery.

  • Q3 2021 Net income: $1.8 billion.
  • Revenue up 25% in Q3 from a year ago.

Our opinion:

American Express has shown that it can recover from events (such as COVID-19. Amex is a hugely popular, strong and well-known company and brand and as the world continues to open up once again it will only be good news for the company.

  • Stock is up around 98.05% since the start of 2021.
  • Stock is up around 1,417.56% since IPO.

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