With the rise of the Covid-19 pandemic, the way we travel, work, learn, and communicate have changed enormously (and likely permanently) in our daily lives. This situation has shaped new key investment trends that traders and investors need to follow to take advantage of the best opportunities. While the technology and biotech industries have been at the center of attention with Covid-19, they aren’t the only promising sectors to take into consideration if you want to take advantage of trendy sectors. Let’s take a look at the most profitable potential trends to keep an eye on today.
With an increasing number of American states legalizing recreational cannabis, the marijuana industry is growing – not to mention that other countries around the world are becoming more flexible in the use of cannabis. This industry goes way beyond just companies growing cannabis, as there are many different types of cannabis businesses you can take advantage of – the beauty industry, the beverage industry, dispensaries, extractors, laboratory testing, and the advertising sector. As there are different types of businesses in the cannabis industry, there are also different ways to invest in this sector. From large cap companies to marijuana penny stocks to buy now, you can find different ways to take advantage of this industry.
Since the end of 2020, the cryptocurrency market has boomed, with the Bitcoin price reaching its all-time high (above the $60,000 mark) earlier this year, and the market cap of the market going beyond $2 trillion. While most people focus on Bitcoin, there are many other interesting coins that are trying to provide a solution to issues in real life, or with the blockchain of the first generation. Ethereum is among the most popular altcoins, as it allows the implementation of Smart Contracts and decentralized applications, but Polkadot, Cardano, Solana, Chainlink, Uniswap, and Avalanche are trendy and popular tokens investors are considering to take advantage of this alternative asset class.
With the effects of climate change felt around the world through devastating droughts, fires, floods, and heat waves, sustainable investing is definitely on the brink of becoming one of the key sectors. Many companies are working on ways to extract and use sustainable energies and discover other ways to reduce our carbon footprint. More and more investors are aware of the importance of investing in companies that are doing something good for the planet. More than just the environmental aspect, investors are now also looking at social and governance factors in companies they invest in. These investments are called ESG, which stands for Environmental, Social, and Governance. Sustainable investments are said to be better options to mitigate risk in volatile times, providing better returns in fine. Some studies have showed that sustainable funds can even provide better results than traditional funds. The S&P 500 global market intelligence declared that most ESG funds beat out the American index S&P 500 during the 1st year of the Covid-19.