Traders, it’s time for another installment of Bang, Buy and Bust — and this time we want to focus on two of the best semiconductor stocks to watch in 2021.
Now this might be a bit risqué, but there are actually three stocks we want to bang at the same time.
The first one, FireEye (not a semiconductor), is a name you might remember since I like keeping this stock in my back pocket.
FireEye Inc. (Nasdaq: FEYE) is a cybersecurity company that helps detect and prevent cyber attacks by supplying hardware and software designed to protect people’s computers.
The other two stocks I can’t stop myself from going back to are Taiwan Semiconductor Manufacturing and Cree.
Finding the most profitable semiconductor stocks to watch in 2021 involves the ability to understand how these stocks can drive the market.
Semiconductor stocks are companies that design and/or manufacturer computer chips that ultimately help with mobile connectivity and computing accelerators. The semiconductor market plays a key role in the development of new technologies, and these two companies are proving themselves to be strong players in the sector.
Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) is a multinational company that designs and manufactures semiconductor chips. Cree Inc. (Nasdaq: CREE) is an American manufacturer of lighting-class LEDs, lighting products and products that are used for power and radio frequency.
These two semiconductor stocks to watch in 2021 have some of the most beautiful daily charts we’ve seen so far this year. Although the options for these stocks are a bit pricey because of high volatility — it’s not uncommon to see them move 3% or 4% in a day — we keep seeing other big investors trying to get a piece of these stocks… multiple times a day.
Which brings us to the next stock, which is one I want to buy: Skillz.
Skillz Inc. (NYSE: SKLZ) is an esports gaming platform that has the younger (and older) consumers going crazy. It’s an online mobile multiplayer competition platform that allows people to connect with and play against anyone in the world.
In this time of a global pandemic and work-from-home culture, video games just make sense.
But what doesn’t make sense is the stock in my bust category… a social media stock I don’t think anyone should be interested in…
Watch the video below to see which stock you should avoid at all cost. Are there other names you think should be on the list of semiconductor stocks to watch in 2021? Make sure to leave a comment below on what you think about the video!
P.S. There’s a lot going on in our country right now. The attack on the U.S. Capitol building the other week made that perfectly clear.
Meanwhile, unemployment numbers are still high and the coronavirus continues to ravage many parts of the nation.
It’s enough to make any investor nervous.
So, we’d like to help you through this uncertain time by giving you a trading strategy that works regardless of which direction the market’s headed.
Considering the current political, social and economic climate, it couldn’t come at a better time.