The Next Multibagger

2020 Review: Best Tech Stocks (2021 too?)


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2020 has been one of the strangest but most rewarding years in the stock market. Remarkably, the Nasdaq composite is up over 40% year to date. Those are pretty impressive returns but that pales in comparison to some of these high-flying tech stocks. In this episode, I want to take a look back in 2020 and go over the best performing tech stocks of the year. Let's run through the best winners year to date in the tech sector, break down what drove them to multi-bagger status, and discuss if they're poised to continue to do well in 2021.

I believe all businesses are becoming more of a technology company, as technology solutions are becoming a necessity in this digital age. I’m always looking to invest in the next big disruptive innovation that has the ability to change an industry. Fueled by the pandemic, these companies have seen an acceleration in their business. Are these prices still justified? After their insane run-up, it's hard to say; however, all the companies I talked about today are still small to mid-cap companies. They still have some room to grow as long as they continue to execute on their business strategy. I believe 2021 could be another great year for these high flying tech stocks.

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The Next MultibaggerBy Kenny Ohata