As the effects of the pandemic start wearing out and the economy roars back to life, stocks recover and businesses start experiencing growth. This happens after every crisis and helps you make gains in trading, along with the advantages of direct access trading platforms. Let’s look at the performance of stocks from different industries as they transitioned from the pandemic-ravaged 2020 into 2021.
Shoe Carnival ($SCVL)
The footwear retail company gradually shook off the effects of COVID-19 heading into 2021:
For Q2 2020, Shoe Carnival enjoyed net sales of $300.8 million, an all-time quarterly high. It earned net income of $10.1 million.
During Q3 2020, the company earned net income of $14.7 million with net sales worth $274.6 million. That was similar to net sales in Q3 2019.
Q4 2020 saw the company reporting record net sales worth $253.9 million, with net income registering a year-over-year growth of 114%.
For Q1 2021, Shoe Carnival saw a 122.7% growth over Q1 2020, having reported net sales worth $328.5 million.
The industrial conglomerate did suffer the effects of the COVID-19 pandemic. However, as 2021 dawned, it signalled growth in its business operations:
Q2 2020 saw Textron Aviation reporting revenue worth $747 million, a $376 million drop from Q2 2019.
For Q3 2020 Textron earned revenue worth $795 million, a year-over-year drop of $406 million.
For Q4 2020 Textron reported revenue worth $3.66 billion, overtaking the $3.37 billion estimate by Zacks by 5.7%. However, it was a 9.1% drop from the $4.03 billion in Q4 2019.
The company reported Q1 2021 revenue worth $102 million, a 3.7% year-over-year growth. Net cash earned from operating activities was reported at $107 million, a year-over-year growth of $500 million.
Bell Canada Enterprises ($BCE)
The telecommunications giant kept improving from the impact of COVID-19, growing all through 2020:
For Q2 2020, BCE reported net earnings worth $294 million. The company also experienced 22.4% growth in cash flows generated from operating activities, hitting $2.56 billion.
During Q3 2020, BCE reported net earnings worth $740 million as the company kept improving from the effects of COVID-19.
Q4 2020 saw BCE reporting net earnings growing 28.9% to hit $932 million.
For Q1 2021, BCE reported net earnings worth $687 million. Revenue grew 1.2%, the first quarter since the COVID-19 pandemic, where the company experienced growth.
The financial services company struggled with the pandemic impact all through 2020, though things started changing in the first quarter of 2021:
For Q2 2020, Citigroup reported net income worth $1.3 billion while revenue earned was $19.8 billion. This was lower than the net income worth $4.8 billion but greater than revenue worth $18.8 billion in Q2 2019.
Q3 2020 saw Citigroup reporting net income worth $3.2 billion and revenue of $17.3 billion, lower than the $4.9 billion net income and revenue worth $18.6 billion in Q3 2019.
During Q4 2020, Citigroup reported net income worth $4.6 billion and revenue worth $16.5 billion, lower than net income worth $5 billion and revenue worth $18.4 billion in Q4 2019.
For Q1 2021, Citigroup managed to report net income worth $7.9 billion and revenue of $19.3 billion, greater than net income worth $2.5 billion and revenue of $20.7 billion.
All the above-mentioned data shows that crises don’t last forever and shouldn’t affect your long-term trading strategy. You don’t need to keep away from getting started in trading, as free stock trading is offered by advanced broker dealers.
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