In the nine months since the World Health Organization (WHO) declared COVID-19 a global pandemic, the stock market has highlighted the best and worst performing stocks in 2020.
COVID-19 set fire to Wall Street and has dictated the stock market’s movement ever since.
During this time period the stock market saw unprecedented volatility… the S&P 500 and Dow Jones went from posting all-time highs to wealth-destroying lows… and surprising sectors emerged victorious in their resilience to the pandemic.
Unfortunately, the best and worst performing stocks can change on a weekly basis… Investors are going to remain hyper-aware of any good or bad COVID-19 news that’s ultimately going to affect their stocks.
So I compiled a short list of the best and worst performing stocks to buy/sell now.
Traders, it’s time for the newest installment of Bang Buy Bust!
I’m so excited about my newest stock pick that I just want to jump right in: Advanced Micro Devices Inc. (Nasdaq: AMD).
AMD is an American multinational semiconductor company that develops computer processors (and things like it) for businesses.
This blue-chip chipmaker is fast approaching the big, beautiful round number of $100 per share, and things are just going to pick up from here. Gaming and esports are hot right now. You have all these bored millennials and Gen X consumers buying new computers/PCs to start playing video games.
The new Xbox was also just released, and the online world of gaming is starting to see major celebrities join the fray.
And as if that weren’t enough, AMD is about to make a move on the stock market that should lead to nothing but clear blue skies.
Check it out in the video below.
But AMD isn’t the only stock I’m talking about in this week’s list of the best and worst performing stocks for this week.
The next stock on my list might come as a shock to some of my newer readers, but trust me when I say it could send your trading account soaring. This stock is worth the buy because I have a feeling that it will really surge these next four years… Especially under a Joe Biden/Kamala Harris administration.
I’m already seeing some major implied volatility beginning to rally…
Of course, the list isn’t all teddy bears and rainbows. I absolutely have to tell you about this stock I hate. In fact, I think it’s safe to say that this is one of the worst performing stocks I’ve ever seen.
Get the rest of the names and tickers in the video below! Make sure to leave a comment to share your thoughts. I can’t wait to see what you have to say about the best and worst performing stocks this week.