The ongoing COVID-19 pandemic has affected all our lives. In addition, it has had a major impact on the business sector. While many companies struggled, not all were negatively impacted. This saw certain stocks actually rise in value and the companies involved go from strength to strength as a result.
For those who like to trade in stocks, this was naturally very interesting. With this in mind, researching which companies thrived in the last few years and saw their stock price rise is worthwhile for investors. Just remember to go carefully and to also find top stock brokers to invest with. If you need a helping hand, AskTraders is a good starting point. This site brings together the safest and fairest stock brokers to choose from in one handy place online.
Which companies have seen their stock price perform well and gone from strength to strength as a result during the pandemic?
Salesforce
A common theme among stocks thatperformed well in the last few years has been technology. Salesforce is a great example of such a stock. This is a company thatdesigns enterprise-level software for customer relationship management. Salesforce also cleverly builds tech platforms thatcan use cloud-based apps to store and retrieve customer data.
It has performed well as a business during the pandemic because it answers a real need – namely, the ability to work in the cloud for remote staff and also stay engaged with consumers over this period. While the benefits of SEO and other digital marketing tactics were key in the pandemic, being able to really connect with consumers via CRM software was essential. In terms of stock performance, Salesforce saw an earnings per share growth of 2,490% in 2020 and a market cap of $220bn. This is very impressive and shows just how strongly it has performed in recent times.
WEX Inc.
Another stock thathas performed well lately is WEX. Its earnings per share growth in 2020, for example, was 418.8% and itsmarket cap grew to over $6bn. This strong performance has certainly enabled the company to not only thrive in the pandemic but also look forward to a bright future.
The gains made by WEX are no surprise when you think thatit is a payment processing company thatoperates on a global scale. During the pandemic, these kinds of services grew in demand as digital payments became the norm and more companies needed their payments processing securely. As digital payments become more prominent in the future and more B2B payments happen this way, it will only play into WEX’s hands.
Amazon
It is no surprise to see Amazon on our list. Listed on the Nasdaq, Amazon rode the wave of an increased demand for online shopping during the pandemic, as more people couldn’t or didn’t want to shop in person as before. The company has seen a reported 70% growth in stock price since March 2020! As the trend for online shopping looks set to remain in place, changing consumer habits mean that this is a company thatshould only get stronger as time passes. Although Amazon was already doing pretty well anyway pre-COVID-19, itspandemic performance has seen itget even bigger.
Zoom
Who had really heard of Zoom before the pandemic or thought about investing in it seriously? To say that this company has gone from strength to strength duringthe pandemic is an understatement. It is now thecloud-based video conferencing software of choice and is set to remain how people hold meetings – even in a post-pandemic world.
During the height of COVID-19, the firm’s shares shot up in value due to its importance in connecting remote workers. This saw a 108% year-on-year revenue growth in Q4 2020 and also saw it claim a place on the list of top 100 companies that prospered in 2020. This strong performance has not only seen Zoom’s stock value rise on the whole over the pandemic but also made the company a huge name in its niche.
Strongest-performing companies thrive
The above companies are classic examples of firms that performed impressively during the pandemic. They all went from strength to strength as a result and look in great shape now, as we hopefully move into a post-COVID-19 world. All showed real gains in value, and much of this was based on not only changing consumer habits but also the solutions they provided to people.