A lot has happened in 2020, particularly the unfortunate occurrence of the Covid-19 pandemic. But 2021 has been a lot different, which makes comparing both the years quite useful for trading stocks online. Here’s a look at how some of these stocks fared during the last two quarters of 2020 and how they made use of the fresh opportunities of 2021.
ContextLogic ($WISH)
2020 saw ContextLogic, parent company of mobile e-commerce platform Wish, reported revenue worth $2,541 million, a 34% growth from 2019. Q4 2020 was a great quarter for the company when it earned revenue worth $794 million, 38% greater than the $576 million it earned in Q4 2019. -
The first quarter of 2021 was stronger than expected. Revenue had a year-over-year growth of 75% at $772 million from $440 million in Q1 2020. For Q2 2021, Contextlogic expects revenue between $715 million and $730 million.
BlackBerry ($BB)
The last two quarters of 2020 were great for tech company BlackBerry that once manufactured popular smartphones but has now diversified into IoT software and services.
For Q3 2020, Blackberry reported GAAP revenue worth $267 million, an 18% year-over-year growth from Q3 2019. GAAP revenue from software and services was reported at $262 million, a 21% year-over-year growth. During Q4 2020, Blackberry reported GAAP revenue worth $282 million, a year-over-year growth of 13%.
2021 was different though. Revenue dropped to $174 million from $206 million in Q1 2020, a 15.5% drop. For Q2 , the company enjoyed better results though.
This was helped by the revenue rising 6% to $259 million, beating analyst expectations. The company also reported net loss worth $23 million, lower than the loss of $44 million reported for Q2 2020.
Clean Energy Fuels ($CLNE)
For Q3 2020, renewable fuel company Clean Energy Fuels reported total revenue worth $70.9 million, a 4.8% drop from $74.4 million in Q3 2019, with 97.7 million gallons delivered. Q4 2020 saw Clean Energy earn revenue worth $75 million, significantly lower than $119 million earned in Q4 2019.
For Q1 2021, Clean Energy reported loss. It reported revenue worth $77.14 million, missing the Zacks estimate by 3.81%. This was lower than the $86.01 million earned in Q1 2020. In fact, the company has managed to top revenue consensus estimates only once in the past four quarters. For Q2 2021, Clean Energy’s revenue is estimated to be $73.89 million.
Amazon.com ($AMZN)
For Q3 2020, e-commerce giant Amazon earned revenue of $96.1 billion, more than the $70 billion earned in Q3 2019. Net income was reported at $6.3 billion, compared to $2.1 billion in Q3 2019. Q4 2020 was extremely successful for e-commerce giant Amazon, when it earned sales worth $125.56 billion and surpassed the historic $100 billion limit for the first time. It also surpassed the Refinitiv revenue estimate of $119.7 billion.
For Q2 2021, e-commerce giant Amazon estimates its operating income to be somewhere between $4.5 billion and $8 billion under the assumption that Covid-19 costs are $1.5 billion. Revenue is expected to be anywhere from $110 billion to $116 billion, beating the $108.6 billion predicted by Wall Street. Revenue at $108.52 billion for Q1 2021 beat estimates of $104.47 billion. Though the pandemic ravaged 2020, the post-Covid buying surge witnessed in 2021 saw the company’s sales soar to $108.5 billion, registering a 44% year-over-year growth.
As the data above shows, the recovery has been significant for businesses in 2021. That makes it a great time for direct market access trading.
DISCLAIMER
The content of this message and its attachments are intended only for the informational and educational use for the intended recipient and may contain confidential and privileged information. If you are not the intended recipient, any dissemination, distribution, or copying of this message or its attachments is prohibited. If you received this message in error, please notify the sender by replying to this email immediately and delete this message and its attachments from your computer. This content does not constitute an offer to sell or a solicitation to buy any security or instrument which may be referenced upon the site, or an offer to provide advisory or other services by the writer or company employing the writer in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. All communications sent to or from TradeZero, Inc. are subject to archive and review by TradeZero, Inc. and by regulatory and law enforcement authorities. We explicitly disclaim all liability for any action taken based on any information contained in this writing.