3 Red-Hot Internet Stocks Set to Thrive in 2021
The world wide web has been a hotbed of wealth creation since the dot-com bubble of the 90s. Microsoft and its founder Bill Gates are a few of the names that come to mind, but many companies continue to prosper today. Here are three stocks that can keep up with the internet’s growth in the coming years.
1. Amazon (AMZN): Building the Bridge to A Connected World
Amazon is one of the best examples of how the internet has connected people. Whether it be through its e-commerce services or its cloud computing platform AWS, Amazon’s impact has been tremendous. Investors have been rewarded for holding AMZN, with shares up +75% year-to-date and more than +642% over the last decade. Total sales are projected to jump from $579.9 billion in 2023 to $637.05 billion in FY24.
2. CrowdStrike (CRWD): Harnessing the Power of Cybersecurity
Since its founding in 2011, CrowdStrike has experienced tremendous success in the cyber attack response field. Co-founders George Kurtz and Dmitri Alperovitch are billionaires, and investors have seen their stock skyrocket +347% since the company went public in 2019. With a total sales estimate of $3.91 billion in FY24, up from $2.8 billion in FY23, this stock is ready to surge.
3. NetEase (NTES): Delivering Strength Through Profitability
NetEase is another successful Chinese internet company that has been around since 2000. Early investors have seen incredible returns, with shares increasing by more than +33,000%. After trending up +40% year-to-date and up +592% over the last 10 years, NetEase remains a strong buy. The company’s sales are projected to increase from $15.51 billion to $16.17 billion come FY24, and annual earnings are estimated to hit $7.26 per share in FY23 (an 8% increase expected in FY24).
How to Profit From the Growing Power of the Internet
The stock market has been on a tear in 2021, and investors are looking for stocks that keep up with the gains. With the global user base of the internet rising from 300 million to 5 billion in the past two decades, Amazon, CrowdStrike, and NetEase offer a great potential for growth into the future. Now is the time to invest in internet-driven companies to reap the rewards in the years to come.