5 Best Stocks To Buy As COVID-19 Restrictions Ease
Bogota - June 24, 2021 (Investorideas.com Newswire) There are several best stocks to buy as pandemic restrictions ease. With multiple vaccines available, many businesses are starting to reopen and increase capacity. For example, many entertainment and travel companies are now allowing more people to utilize their venues. For these companies, this means they could experience rapid growth in the recovering economy. As an investor, it is highly-important to know the best stocks to buy as pandemic lockdown restrictions continue to ease. This way, you can better understand the market projections as industries return to a new normal. Of course, this will help you better diversify your holdings and maximize portflio ROI. Read on to learn about the best stocks to buy as COVID-19 restrictions ease.
First, cosmetic stocks are one of the most lucrative investments to make as COVID-19 restrictions ease. Notably, many beauty companies have fared well through the pandemic. According to recent data, some major companies recorded over a 90% increase in e-commerce online business sales. Although cosmetic stores saw a sizable decrease in store and salon transactions, these online channels were able to remain profitable through the pandemic. With a reopening economy, cosmetic giants are expected to grow as they in-store sales return. Plus, many are expanding into other major retail outlets, further expanding their growth. Definitely, watch cosmetic stocks for profitable investment opportunities as beauty stores and salons reopen.
Next, software stocks are another major investment to look out for as businesses recover from the pandemic. Notably, many major cloud-based companies grew as businesses shifted to remote work environments. In addition, advanced software development platforms accelerated growth for major enterprises. For example, many development corporations use CMake, an open-source cross-platform tool set. With this platform, developers can build, test, and package software for some of the world's top applications. For example, CMake has proven to be an invaluable tool for code changes and memory leak analysis on film streaming software, such as Netflix. With advanced tools and high demand, software stocks are one of the best investments to make as COVID restrictions lift.
Heavy Machinery Stocks
In addition, many investors are looking to buy heavy machinery stocks as the economy reopens. According to infrastructural experts, construction equipment lies at the core of early economic recovery. As demand increases for oil and copper, heavy machinery is essential to extract these natural resources. This growth is likely to intensify if Washington passes President Biden's infrastructural plan. Indeed, equipment manufacturers are critical for road repair and other major infrastructural improvements. Notably, one major company is projected to grow by over 25% within the next three years, targeting $275 per share. Absolutely, heavy machinery stocks are one of the top investments to watch as COVID restrictions lift.
Moreover, biotech stocks are another major stock to buy as the economy reopens. Notably, the biotech sector is projected to grow beyond $775 billion by 2024 as scientists look for advanced disease treatments. This massive growth is largely attributed to the discovery of multiple Coronavirus vaccines. Of course, COVID vaccine manufacturing companies are projected to increase. Additionally, other biotech stocks have recently increased by +50% or higher in as little as 2 months. In fact, one major stock saw an uptick of over 80%. As companies continue to make strides in the medical field, biotech stocks are projected to increase even further. Certainly, look for profitable stock investments in the biotechnology industry as the economy recovers from the COVID-19 pandemic.
Entertainment Park Stocks
Furthermore, entertainment park stocks are another major investment to consider as COVID restrictions ease. Notably, vaccines are making it much safer for people to enjoy public social activities. With this increased safety, theme parks are increasing capacity to allow more foot traffic. For example, Disney's reopening has pushed many investors to buy the stock. Of course, the company's streaming platform has also pushed stock growth. In addition, many amusement parks are starting to reopen as well. As the economy reopens, you may be able to purchase them at a discount now for an upside later. Undoubtedly, entertainment park stocks are expected to hold lucrative investment opportunities as capacity increases.
There are several best stocks to buy as pandemic restrictions ease. First, cosmetic stocks are projected to grow as they expand their in-store purchases. Next, software stocks are growing with advanced development tools and a high demand. In addition, many investors are buying heavy machinery stocks due to the high demand for infrastructure improvements. Moreover, biotech stocks are also growing rapidly as scientists research vaccines and new treatments. Furthermore, entertainment park stocks are another lucrative opportunity as these businesses reopen. Consider these points to learn about the best stocks to buy as COVID-19 restrictions ease.
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