When you open a position in the stock market, you are purchasing a share of a company. For example, if you decided to trade Apple (AAPL) stock, you would own a minute segment of the tech leader.
Stock values are changing all the time, and prices are influenced by a multitude of external factors. These factors include:
- Company performance
- Politics
- News releases
- Investor sentiment
- Macroeconomic events
You should take these factors, along with the technical data of the stock, into consideration before opening a position, in order to confirm the stock is a worthy buy. One of the most useful technical indicators is the Relative Strength Index (RSI), which can inform you of whether the stock is overbought or oversold.
Once you’ve taken all of these factors into consideration, you can open a position using an online trading platform like Skilling, for example and speculate on the value of some of the best performing stocks right now.
To help, we’ve already taken these factors into account and compiled some of the most popular stocks in December — that are popular for good reason.
Read on to find out more.
Chevron (CVX)
The American energy corporation Chevron is the US’ second largest oil company and is involved in all areas of the oil and natural gas sector. This includes:
- Refinery
- Production
- Transportation
- Power generation
- Hydrocarbon exploration
- Marketing
- Chemical sales
- Manufacturing
In 2020, Chevron proved its worth as one of the largest companies in the world, with a market valuation of $136 billion.
The company continues to perform well in 2021 and its Q3 earnings increased to $2.96 per share, with revenues also boosted by 83%, exceeding the prediction of analysts. Chevron has recently held a Composite Rating of 91 out of a possible 99, putting it firmly in the buy range.
This means that Chevron could be seen as a worthy investment right now and should continue to perform well going forward. Its popularity can also be attributed to the increase in demand for oil that has caused oil prices to surge.
Garmin (GRMN)
Garmin is a technology company, specialising in Global Positioning System (GPS) devices used in the automotive, marine, aviation, sport and outdoor industries. Garmin is a leader in wearable devices, and its smart watches compete with giants like Fitbit (FIT) and Apple (AAPL). At the end of the third quarter, the company recorded sales of $70 million, seeing its overall sales increase by 27% in 2021.
As a result of outstanding performance over the course of the year, Garmin’s sales are on track to reach almost $5 billion by the end of 2021. As the wearable technology industry continues to see high demand for its products, it’s likely that the company will continue to thrive going forward, making it a great investment for the future.
Gevo (GEVO)
Following the United Nations Climate Change Conference of the Parties (COP26) that ended in mid-November, you might have been prompted to make more sustainable choices. This may also have affected your investment focus, and if you’re looking to open a position in a renewable energy stock, then you might want to consider Gevo (GEVO). The company is the leading producer of renewable chemicals that boasts net-zero greenhouse-gas emissions.
Although it is still in its early stages of trade, the company is likely to be supported by the agreements that were passed during the COP26. As a result, they’ll potentially see an increase in demand, attractive tax policies and government grants, to help the world move towards cleaner energy sources.
As a growth stock, Gevo could be a great investment looking forward. They are currently in the process of expanding their production facilities, to enable the company to produce larger quantities of clean fuel.
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Opening positions in the stock market can be a great way to make your money do more for you, helping you to reach your financial goals more effectively, especially if you consider CFDs.
However, it’s important to dedicate time to considering which stocks pose as a viable and worthy investment right now, to minimise the risk of making significant losses on your capital and maximise the possibility of making profits.
