In spite of seemingly insurmountable odds, stocks managed a more-than-respectable 16% return in 2020, as measured by the S&P 500 index. And with a glimmer of hope on the horizon now that COVID-19 vaccines are in production, 2021 could be another good year for investors. Technology in particular has a bright future ahead of it as the world contends with new challenges brought on by the pandemic.
Specifically, three Fool.com contributors think Fortinet (NASDAQ: FTNT) , Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) , and Taiwan Semiconductor (NYSE: TSM) could be huge winners in 2021. Here's why.
Nicholas Rossolillo (Fortinet): Legacy cybersecurity firm Fortinet has been my favorite investment among security-software stocks for a while now. But calling it a "legacy" firm is a little disingenuous. This is still a fast-growing outfit, deriving virtually all of its 19% year-over-year sales growth (through the first nine months of 2020) from organic development of new products and services. The "legacy" stigma gets attached because Fortinet isn't growing nearly as fast as cloud-native computing (and more narrowly focused) security names like Zscaler (NASDAQ: ZS) and CrowdStrike Holdings (NASDAQ: CRWD) .
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Investing in 2021? These Tech Stocks Could Be Huge Winners