The majority of economic indices remain strong. GDP growth dropped in the third quarter after reaching an all-time high of 6.7 percent in the second quarter. The United States’ industrial output is at a two-year high, and corporate earnings are also at all-time highs. The Dow has risen 17% this year, while the S&P 500 has risen 25%, and workers have the upper hand despite labor shortages at the largest companies. Apple Inc., Amazon.com, Microsoft Corporation, and Alphabet Inc. are among the companies that have seen significant gains this year.
Here is Insider Monkey’s list of the 10 stocks that tripled in 2021. Signet Jewelers Limited is a luxury goods retailer that sells diamonds, watches, and other high-end items. The company announced that it would pay $490 million for Diamond Direct, a jewelry retail business. With 5.2 million shares worth more than $412 million, Select Equity Group is the largest stakeholder. Tecnoglass Inc. is a company that sells building materials. The company just reported third-quarter results, which were $0.10 higher than expected. The total revenue for the period was $130 million, increasing 26% year over year. SM Energy Business is a privately held independent energy company established in Colorado. Over the last two weeks, the stock has benefited from a record rise in oil prices. SM Energy Company has a Sector Perform rating and a $44 price target from RBC Capital analyst Scott Hanold. Upstart Holdings, Inc. owns and operates an artificial intelligence-powered cloud-based lending platform. Earnings for the third quarter were $13 million higher than expected. Hundreds of banks and credit unions are expected to use the Upstart platform in the coming months, according to the business. Lucid Group, Inc. is an electric vehicle manufacturer and retailer. Reservations for a model vehicle have risen to 17,000, up from 13,000 at the end of September, according to the business. This equates to $1.3 billion worth of units. For more details, click 10 Stocks That Tripled In 2021.
