Investing in the stock market can be a great way to build wealth over time, but choosing the right stocks to invest in is critical to success. In any given year, there are always a number of stocks that outperform the rest of the market, delivering impressive returns for their investors. In this article, we will take a look at the top 10 best performing stocks of the year.
Tesla (TSLA) – +703%
At the top of the list is electric vehicle manufacturer Tesla, whose stock price has exploded this year thanks to strong sales, expanding production capacity, and increasing investor confidence in the company’s future prospects. Tesla’s stock price has risen by an impressive 703% so far this year, making it the best performing stock of the year.
Zoom Video Communications (ZM) – +465%
Coming in at a close second is Zoom Video Communications, a provider of video conferencing and collaboration services. Zoom’s stock price has skyrocketed this year as the COVID-19 pandemic has led to a surge in demand for remote work and online meetings. Zoom’s stock price has risen by 465% so far this year, making it one of the best performing stocks of the year.
Moderna (MRNA) – +382%
Moderna is a biotechnology company that is developing vaccines and treatments for a variety of diseases, including COVID-19. Moderna’s stock price has risen sharply this year as the company has made progress on its COVID-19 vaccine candidate and signed contracts with governments around the world to supply the vaccine. Moderna’s stock price has risen by 382% so far this year, making it one of the best performing stocks of the year.
NIO (NIO) – +361%
NIO is a Chinese electric vehicle manufacturer that has seen its stock price rise sharply this year as demand for electric vehicles has increased and the company has expanded its production capacity. NIO’s stock price has risen by 361% so far this year, making it one of the best performing stocks of the year.
The Trade Desk (TTD) – +319%
The Trade Desk is a technology company that provides a platform for buying and selling digital advertising. The company’s stock price has risen sharply this year as advertisers have increased their spending on digital advertising and the company has expanded its business into new markets. The Trade Desk’s stock price has risen by 319% so far this year, making it one of the best performing stocks of the year.
Peloton (PTON) – +313%
Peloton is a fitness company that offers a variety of at-home fitness products, including stationary bikes and treadmills with interactive workouts. Peloton’s stock price has risen sharply this year as the COVID-19 pandemic has led to a surge in demand for at-home fitness products. Peloton’s stock price has risen by 313% so far this year, making it one of the best performing stocks of the year.
Fastly (FSLY) – +306%
Fastly is a cloud-based content delivery network that helps websites and apps deliver content quickly and reliably to users around the world. Fastly’s stock price has risen sharply this year as the company has signed new customers and expanded its business into new markets. Fastly’s stock price has risen by 306% so far this year, making it one of the best performing stocks of the year.
Snowflake (SNOW) – +300%
Snowflake is a cloud-based data warehousing company that helps businesses store, manage, and analyze their data. Snowflake’s stock price has risen sharply this year as the company has signed new customers and expanded its business into new markets. Snowflake’s stock price has risen by 300% so far this year, making it one of the best performing stocks of the year.
DocuSign (DOCU) – +293%
DocuSign is a technology company that provides a platform for electronic signatures and document management. DocuSign’s stock price has risen sharply this year as the COVID-19 pandemic has led to an increase in demand for remote work and online document management. DocuSign’s stock price has risen by 293% so far this year, making it one of the best performing stocks of the year.
ZoomInfo (ZI) – +276%
ZoomInfo is a technology company that provides a platform for sales and marketing professionals to connect with potential customers. ZoomInfo’s stock price has risen sharply this year as the company has signed new customers and expanded its business into new markets. ZoomInfo’s stock price has risen by 276% so far this year, making it one of the best performing stocks of the year.
Overall, these top 10 best performing stocks of the year have delivered impressive returns for their investors. With their strong growth and expanding businesses, these stocks are likely to continue to be strong performers in the future.