We’re now a couple of months into the new year, and it looks like the stock market is continuing its unpredictable narrative from 2020. It remains to be seen when things will settle to pre-COVID-19 times, but until then investors want to know the best and worst investments for 2021.
Luckily, investment strategists believe if the vaccine rollout is effective, then we should see a boom in the economy. In fact, it’s already booming with pent-up demand…
As the vaccines prove to be effective and more Americans are able to get them, people will flock to concerts, restaurants, travel for leisure and go back to the office.
And, guys, several sectors are already ripping higher due to more and more people getting the vaccine — none more so than the travel sector.
The Best and Worst Investments in 2021
The Centers for Disease Control and Prevention (CDC) announced recently it will likely allow cruises in and out of the U.S. this summer. There have been hints of this news all week, which is why the cruise stocks were stretched in the first place.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) — one of my recent Burn Notice trades — even announced it plans to sail from U.S. ports and begin European cruises in July.
Some cruise line names jumped almost 30% in 2021 — near the pre-pandemic highs — while others jumped 2% to 3% from the CDC news on Tuesday.
The CDC also issued a highly anticipated statement on April 2 for travel-hungry people…
Basically, it said people who are fully vaccinated against COVID-19 can travel safely in the U.S. — the same guidelines we’re seeing with cruises. And it’s already having a major impact on airline names, beginning a bullish trend for all airline stocks.
On our list of the best and worst investments for 2021, the biotech sector and Chinese stocks have to be some of the worst.
Check out my short video below with WealthPress Senior Strategist Roger Scott to learn more about the best and worst investments for 2021. Be sure to share your thoughts in the comments section below.
And as always, email any trading questions to jeff@joyofthetrade.com and stay ahead of the markets, especially these choppy ones, by subscribing to our YouTube channel.
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