The five best stocks to consider according to eToro

Interest in NFTs can lead Live Nation Entertainment‘s shares to rise by 270%, according to eToro which places it among the five best stocks to consider in the third quarter of 2021. 

report of the platform it makes an analysis of the three months just passed, and warns its users of such securities must be taken into account at this time. 

As the vaccine campaign continues around the world, the post-pandemic situation improves, and the Federal Reserve will not reduce its economic stimulus, at least for now. 

In this scenario, the five best stocks to consider, with strong fundamentals, which benefit despite the continuation of the pandemic are: 

  • Ford, 
  • Chevron, 
  • Glencore, 
  • GlaxoSmithKline,
  • Live Nation Entertainment.

Ford (F): Tesla’s direct competitor

What makes Ford particularly appealing to investors is its strategy of betting everything on electric vehicles. The company is poised to invest over $ 30 billion in electric cars and tech batteries by 2025. 

In fact, the company predicts that by 2030 40% of the market will be occupied by electric vehicles. Ford is making its way in this sector so much that with the Mustang Mach-E SUV it has already eroded market share from Tesla . 

Added to this is the F-150 Lightning, the electric pickup that has received 50,000 orders in 48 hours from launch. This is not to be underestimated as this vehicle has been one of the best-selling pickups in the United States for 40 years. 

All this is accompanied by remarkable economic results: in the first quarter of 2021, net income is 3.3 billion, the best result since 2011. The shares are currently worth 16 dollars but an increase of 11.9% is expected in 5 years.

Chevron (CVX) and sustainable oil

Chevron is one of the most important energy companies in the world which, although it has suffered from the collapse in the price of oil, is now preparing to grow. According to eToro, in fact, with the increase in vaccines and the resumption of travel, the demand for oil will grow.

Chevron is committed to producing energy from sustainable sources and this is well received by investors. According to eToro, its shares can give a return of 5.9% in 5 years.

Glencore (GLEN.L), copper is the new oil

Glencore is a mining company specializing in copper . As the demand for copper is set to grow thanks to the greater diffusion of electric cars, everything suggests that Glencore can grow and a lot. After all, Goldman Sachs also said that copper is the new oil. 

eToro is very optimistic about Glencore: its shares can have a return of 111.7% in 5 years. 

GlaxoSmithKline (GSK.L), the changing pharmaceutical

The pharmaceutical company GlaxoSmithKline has been affected by Covid-19 by seeing traditional vaccines decline and has seen the demand for other drugs it produce decrease.

 Investors were raised by news that Elliott Management, a well-known hedge fund, has taken on a billion-dollar stake in the company. A division of the company is planned for the future: on the one hand the pharmaceutical production sector, on the other the sector dedicated to consumer health. 

According to eToro, these events will lead to a return of 2.6% of the shares in 5 years.

Live Nation Entertainment (LYV) among the five actions to consider thanks also to NFTs

Live Nation is one of the best known companies for trading live events. Obviously with the cancellation of the concerts he suffered a lot during the pandemic. 

But now that concerts are resuming, Live Nation is likely to grow again.

Furthermore, eToro notes, the company is attentive to new trends such as NFTs and streaming shows.

This analysis leads eToro to believe that in 5 years the shares of LYV will have a return of 270%. 

It is not an investment advice

The one reported is an opinion from eToro but not an investment advice. Traders are always advised to do their own research and investigate through technical and / or fundamental analysis before investing.

In fact, even the stock market has been able to prove to be highly volatile and risky, even if it is not comparable to that of cryptocurrencies. 

As always, a piece of advice applies: invest only the money you are willing to lose.

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