It is no secret that the economic volatility has ravaged almost every study all around the globe during 2020, which doesn't come as a surprise considering the huge impact of the pandemic that has hit our world for almost a year now. However, a number of major businesses have been able to not only survive the year's economic recession but achieve unmatched success.
Nov 16th, 2020.
— David Ross Burman (@ross_burman) November 16, 2020
Historic Day for the United States Stock Market and Dow Jones. pic.twitter.com/wJemtt3Li3
Even though the economy has been mostly discussed with a negative often red light over the last several months, certain industries and service providers have enjoyed a year like no other, with their shares rocketing unprecedentedly, in the worst of times for other industries.
Whether it is luck or the relevance of the industry to services humans needed the most amid the century's worst global crisis, a number of industries have been able to make the best out of the crisis, by boosting their profit to the max and proving their lead in their respective industries.
Tesla made history yesterday as the most valuable company to join the S&P 500. At the end of its first day as an index constituent, it was the sixth heaviest-weighted stock. pic.twitter.com/9ne1msImgQ
— DEGIROEU (@degiroeu) December 22, 2020
Several industries have seen their stocks spike throughout the year, despite a bumpy start especially after the COVID19 outbreak had led to a global lockdown last March, marking the stock markets' worst dip in the third week of March.
Netflix, for example, attracting millions of new quarantined viewers worldwide was able to see its stocks climb by almost 60% during the year. Similarly, thanks to non-stop online shopping orders by customers who have advised to stay at home for as long as possible, Amazon's Year to Date shares jumped by more than 70% reaching $3.500 last September.
While the e-commerce giant Etsy soared by more than 330%, Tesla's stocks made headlines by more than 688% surge, as it touched $695 on the 18th of December.
Yet, these well-known companies were not the biggest winners in the world's biggest stock market throughout 2020.
1. Berkshire Hathaway - Brk Inc
Owned by Warren Buffett, Berkshire Hathaway's stocks climbed by over 2,083,233.33% during 2020, making the multinational conglomerate holding company the highest-priced shares on the New York Stock Exchange.
2. Geovax Labs Inc
During the year we patiently waited for a vaccine to end the novel coronavirus outbreak, Geovax Labs's stocks surged by 819,425.00%.
3. Novaccess S.A. - Xsunx Inc
Providing solar energy solutions, stocks of the Swiss-based Novaccess S.A. jumped by 78,233.33% during 2020.
4. Gex Management Inc
The Texas-based business management and professional services company pushed its stocks by 22,900.00%.
5. Portage Biotech Inc
Another biotech company has been amongst the 2020 Year to Date biggest winners, with stocks soaring by 13,557.87%.
Experts often think that economic crises make the perfect time for financial investments, but only if capital owners choose the right stocks to invest in.
Which of these stocks have you been watching? If you were to invest some money in the stocks, which ones will you be more confident in?
