Jenna Arnold has always been fascinated by the stock market and the world of trading. Having dabbled as a part-time trader while at university studying English Language, she leveraged her insights into this world into a full-time career as a writer specialising in trading and broker reviews. Jenna joined TradersBest.com last year and now heads all of our trading content, working remotely from her home in Massachusetts.
The NASDAQ is an electronic marketplace for the buying and selling of securities on a global scale. The majority of the world’s technology giants are listed on the NASDAQ, such as Apple, Google, and Tesla Motors.
In recent months, stocks tied to the economic reopening since the peak of the COVID-19 pandemic have been outperforming. Here are 4 stocks that have been making moves in September and may very well be stocks to watch in October 2021.
Moderna Inc. (MRNA)
It’s hard to exist in 2021 without recognizing the name Moderna. The clinical-stage biotechnology company is responsible for one of the most effective COVID-19 vaccines in the world. Moderna is focused on RNA therapeutics and vaccines and has developed mRNA medicines for immune-oncology, rare diseases, infectious diseases, and cardiovascular and autoimmune diseases.
The biotech firm employs over 1800 people and currently has 15 development programs in clinical study phases. Modera is set to deliver 20 million doses of its COVID-19 vaccine to Peru in the first quarter of 2022. With a trailing return of 541% over the past 12 months, Moderna is a stock with serious momentum.
Lucid Motors (LCID)
Shares in this electric vehicle manufacturer are on the rise as it has just hit a rather major milestone. Lucid motors announced they have officially begun production on its first vehicle and have stated that deliveries are now scheduled for late October. The manufacturer has received in excess of 13,000 orders with entry-level versions of their electric sedan priced at $77,400. While not exactly a home run just yet, Lucid Motors are a stock to watch in October.
The US energy sector has been seeing positive shifts as international oil benchmark Brent crude and US benchmark West Texas Intermediate crude futures climbed during September. Among the winners are global oil, gas exploration and production company ConocoPhillips. This firm searches for, produces, transports and markets crude oil, natural gas, bitumen, natural gas liquids and liquified natural gas.
ConocoPhillips employs over 10,300 people in 15 countries. Earlier in September, the firm announced the purchase of the highly prolific Delaware basin assets of Shell Enterprises LLC for a reported $9.5 billion in cash. ConocoPhillips has seen recent quarterly Year-over-Year revenue growth of almost 250%.
Beyond Meat Inc. (BYND)
This plant-based meat substitute retailer offers plant-based alternatives in the beef, poultry, and pork consumer markets. It is now one of the fastest-growing food companies in the United States owing to an increasing consumer demand for plant-based options and the adoption by major supermarkets and food chains. It is difficult to look past the fact that Beyond Meat has doubled in valuation since it’s pandemic low. Since the slow return to pre-COVID normality, Beyond Meat has seen a record increase in net revenue and has made significant investments into long-term growth both in the United States and overseas.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. They may not be suitable for everyone. Please make sure that you fully understand the risks. You should consider whether you can afford to take the risk of losing your money.