Interest in NFTs could drive Live Nation Entertainment‘s shares up 270%, according to eToro, which lists it as one of the five best stocks to consider in the third quarter of 2021.
In fact, a report from the platform makes an analysis of the past three months and warns its users on which stocks should be considered right now.
As the vaccine campaign continues around the world, the post-pandemic situation improves, and the Federal Reserve will not reduce its economic stimulus, at least for now.
Against this backdrop, the five best stocks to consider, with strong fundamentals, that benefit despite the continuation of the pandemic are:
- Ford,
- Chevron,
- Glencore,
- GlaxoSmithKline,
- Live Nation Entertainment.
Ford (F): Tesla’s direct competitor
What makes Ford particularly attractive to investors is its strategy of focusing on electric vehicles. The company is set to invest more than $30 billion in electric cars and battery technology by 2025.
The company predicts that 40% of the market will be taken up by electric vehicles by 2030. Ford is making inroads into this sector and has already eroded Tesla‘s market share with the Mustang Mach-E SUV.
Add to that the F-150 Lightning, the electric pick-up truck that received 50,000 orders within 48 hours of its launch. This is not to be underestimated as this vehicle has been among the best-selling pick-ups in the US for 40 years.
All this is accompanied by impressive financial results: in the first quarter of 2021, net income was 3.3 billion, the best result since 2011. Shares are currently worth $16 but are expected to rise 11.9% in five years.
Chevron (CVX) and sustainable oil
Chevron is one of the world’s largest energy companies and although it has suffered from the collapse in oil prices, it is now preparing to grow. According to eToro, with the increase in vaccines and the resumption of travel, demand for oil will grow.
Chevron is committed to producing energy from sustainable sources and this is welcomed by investors. According to eToro, Chevron’s shares can return 5.9% over 5 years.
Glencore (GLEN.L), copper is the new oil
Glencore is a mining company specialising in copper. With demand for copper set to rise as electric cars become more widespread, there is every reason to believe that Glencore will grow, and by a lot. Goldman Sachs has also said that copper is the new oil.
eToro is very optimistic about Glencore: its shares can have a return of 111.7% in 5 years.
GlaxoSmithKline (GSK.L), the changing pharmaceutical company
Pharmaceutical company GlaxoSmithKline suffered from Covid-19 as it saw traditional vaccines decline and demand for other drugs it produces fall.
Investors have been relieved by the news that Elliott Management, a well-known hedge fund, has taken a billion-dollar stake in the company. In the future, there are plans to split the company into a drug manufacturing division and a consumer health division.
According to eToro, these events will bring a return of 2.6% of the shares in 5 years.
Live Nation Entertainment (LYV) among the five stocks to consider due to NFTs
Live Nation is one of the best-known companies for buying and selling live events. Obviously with the cancellation of concerts it suffered a lot during the pandemic.
But now that the concerts are resuming, it is likely that Live Nation will grow again.
Also, notes eToro, the company is paying attention to new trends such as NFTs and streaming shows.
This analysis leads eToro to believe that in five years LYV’s shares will have a 270% return.
This is not investment advice
This is an opinion from eToro and not investment advice. Traders are always advised to do their own research and investigate through technical and/or fundamental analysis before investing.
Even the stock market has proven to be highly volatile and risky, even if it is not comparable to the cryptocurrency market.
As always, one piece of advice applies: invest only as much money as you are willing to lose.
