The new year is underway, but the biggest story from 2020 is unfortunately still with us: COVID-19. With vaccines being deployed, there's at least a glimmer of hope, but for now, many of the same investing themes from last year will remain in effect.
E-commerce will be a force to be reckoned with for the foreseeable future, the rapid pace of new initial public offerings isn't losing any steam, and artificial intelligence (AI) is set to soar in importance in the decade ahead. With that in mind, I think investors should keep an eye on Alibaba Group Holding (NYSE: BABA) , Opendoor Technologies (NASDAQ: OPEN) , and Appian (NASDAQ: APPN) in January. Let's find out a bit more about these three companies and why they are stocks to watch in January.
China's dominant force in e-commerce, along with other Chinese companies trading on U.S. markets, were under pressure in 2020 as Congress passed new legislation that could lead to the possible delisting of their stocks on American exchanges. Alibaba plays an important role in the Chinese economy, though, and its enduring double-digit-percentage growth ultimately left shareholders feeling chipper through the end of November.
For further details see:
3 Stocks to Watch in January