The stock market went through drastic highs and lows this year. This is due to the pandemic, the presidential race, lawsuits, and even tweets. Read on for how these factors affected the biggest stock holders. Also, see who’s rising in the market and consider investing in them in 2021!
First, we’ll look at the S&P 500 Index. Statista says,
“Between March 4 and March 11, 2020, the S&P 500 index dropped by twelve percent, descending into a bear market. On March 12, the S&P 500 plunged 9.5 percent, its steepest one-day fall since 1987. The index began to recover at the start of April.”
As of April 14, the value was $2,850 per share, just a few hundred dollars below their pre-COVID era. Then, their value rose above $3,000 per share at the end of May. Since then, it’s gradually been rising. Now, as of December 15, the value is at $3,666 per share.
So, which companies fell out and which ones rose? The five biggest companies to soar in 2020 are:
- Amazon (AMZN). Due to stay-at-home orders, Amazon revenue and stocks gained profit. CEO & Founder Jeff Bezos is now the richest man on the Forbes list! Each share is valued at $3,157.
- JPMorgan Chase & Co. (JPM). America’s largest bank and 7th largest bank in the world. They faired okay during the pandemic. However, they did see a drop after making changes to their borrower policy. Their value is now worth $120 per share.
- Visa (V). Overall, banks survived the pandemic thanks to the Federal Bank Act. Visa saw more success in 2020. Today’s value is at $209 per share.
- Tesla (TSLA). Elon Musk’s engineering and company management skills are earning him big bucks. He also soared up on the Forbes list and is now at #7. But, his stock value does fluctuate according to what he tweets. Tesla is worth $639 per share.
- Brookfield Property Reit Inc (BPYU). Despite worries that the housing market would tank due to evictions, business is good. BPYU is at $15.90 per share.
While the stock market tanked in March, overall it has been steadily returning back to its normal rate. However, the presidential race is an important factor now. Now that Joe Biden is confirmed for inauguration while son Hunter Biden is under legal fire, we will have to closely watch the stock market. Also, another factor affecting stocks is Bitcoin. It has recently seen a drastic increase in December. One Bitcoin is now worth 19,531.20 US dollars. Also, technology development and releases are contributing to the rising stocks. While Apple stagnated a little this year, they are expected to stay as the leading smartphone company.
Overall, there’s no danger of a stock market crash. While Biden’s confirmation will affect Wall Street, stocks are expected to rise more in 2021. Check back for our 2021 stock prediction blog! And, please feel free to comment and let us know what shares you’re investing in.
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Tracy is the Design Manager here at Redwood Creative. She’s been designing amazing graphics and web layouts for large and small businesses for upwards of 7 years.