Missed the Bitcoin rally? I think The Hut Group shares could be top performers in 2021

first_img Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images. jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Jonathan Smith Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997”center_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Jonathan Smith | Wednesday, 2nd December, 2020 | More on: THG In recent weeks, the Bitcoin price has been shooting higher. It traded just shy of $20,000, and is currently trading around $19,000. The unprecedented volatility has seen the price move 166% higher over the course of 2020. For those who missed out on the rally, or simply didn’t feel comfortable getting involved (like me), it’s not the end of the world.I’m looking towards more traditional stocks to make me healthy returns for 2021. To this end, THG Holdings (LSE: THG) is a company I think could have a strong share price performance next year. For reference, THG Holdings is also known as The Hut Group. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…From zero to IPOYou’ve likely heard of THG recently thank to the public listing in September. The IPO was the largest on the LSE since 2013, and it currently has a market capitalisation of almost £6.4bn. It’s an online retailer but is also categorised as a high-growth tech firm, having only been set up in the early 2000s. The business is involved in helping other firms build and grow their brand. This is mostly from an e-commerce perspective, but as THG has grown, it now incorporates other elements too.Investors like me couldn’t get a piece of the action when it was a private limited company, but since the listing, everyone can get involved in buying THG shares. Being public also means greater news flow to investors and greater financial transparency. So what can we discern from the information we’ve got so far?THG shares look attractiveThe latest release following the IPO was its Q3 results. In it, THG showed year-on-year revenue growth of 38.6%, with guidance that the full-year figures should show revenue of £1.43bn for growth of 25%. These figures are strong, but also highlight to me that the business isn’t at risk from Covid-19 particularly. Although THG does operate in the retail space, the impact of any slowdown would be an indirect one in most cases.THG shares also benefited from the recent announcement that 500 new jobs are going to be created by the end of the year. Most of these will be in the technology services division where the real growth is being driven from. At a time when many businesses are cutting jobs, this is a major tick in the box for sustainable growth in whatever shape the UK economy finds itself!The final reason I think THG shares could have long-term upside is the types of companies it’s partnering with. Over the past couple of months, new partnerships have been announced with Hotel Chocolat and Homebase. The fact that these household names are choosing THG to aid digital transformation or general growth strategy speaks volumes to me. It shows that THG is a well respected firm within the industry.Looking to the long-termFor 2021 and beyond, I think the shares could be top performers. The financial performance is strong, and unaffected by Covid-19 so far. With the weight of new brands coming on board, I think the stock has slid under the radar so far. As a result, it’s currently sitting on the top of my watchlist for exciting shares! Simply click below to discover how you can take advantage of this. Missed the Bitcoin rally? I think The Hut Group shares could be top performers in 2021 Enter Your Email Addresslast_img

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