Here are your stock picks for the week: April 19, 2021

Apr 19 2021, 1:03 am

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The stock market was on fire last week, with both the S&P500 and Dow closing at new records. Coinbase also went public to a rollercoaster debut, and dogecoin (the cryptocurrency that started as a joke and is now worth $48 billion) was up 400%. Crazy times.

So what’s up this week on Wall Street? Tuesday will be a big day for news, with the much-anticipated Aphria-Tilray merger due to close on that day, as well as earnings from Netflix and Silvergate.

And on Wednesday, MGM Resorts will provide key insights into the sports betting industry, likely impacting stock prices of sports betting companies like DraftKings and Penn National Gaming.

But without further ado, here are your weekly stock picks.

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Walt Disney

Walt Disney (NYSE:DIS) took a huge financial hit during the pandemic as its parks closed down across the world. But although these closures meant extremely tough times for the company, its streaming service, Disney+, was a massive success for the company.

The streaming service only took 18 months to rack up 100 million subscribers, a number which took Netflix 10 years. And it’s on track to hit 300 million across its platforms like Hulu and ESPN+ by 2024. Combined with the fact that California’s Disneyland location opening at the end of the month, Disney looks set for incredible growth.

Silvergate Capital

It was big news in the crypto world last week when crypto exchange platform Coinbase went public. But since it’s still in its early and volatile stages, many investors are holding off on buying the stock at the moment. That said, the public listing has created an even bigger boost to the booming crypto industry, making it a great industry to invest in right now.

Silvergate Capital (NYSE:SI) is a San-Diego based bank that facilitates crypto transactions through its financial network. Although it’s a small company, Silvergate is seeing a lot of growth at the moment. With the amount of cash traded on its network soaring from $9 billion in 2019 to $59 billion in 2020, business is booming for the company.

Electronic Arts

While couch life increased and indoor entertainment took off, the pandemic caused a huge rise in at-home gaming. So it makes sense that Electronic Arts (NASDAQ:EA) saw its share price soar 34% in 2020. And it doesn’t look like the industry is slowing down either. In 2021, research has predicted it to grow up to $189 billion in total revenue, an increase from $175 billion in 2020.

Apart from the pandemic, EA can also attribute its success to the Fall 2020 launch of Sony Playstation 5 and Microsoft Xbox Series X/S consoles, as well as the company’s recently announced deal to acquire Glu Mobile for $2.1 billion.

O’Reilly Automotive

Although many opted to travel via car instead of public transport last year due to the pandemic, America saw a decrease in overall driving due to travel restrictions. But with the vaccine rolling out, and life returning to (somewhat) normal, driving is on the incline.

American auto-parts retailer O’Reilly Automotive (NASDAQ:ORLY) has close competition from peers AutoZone and Advance Auto Parts, but due to its aggressive expansion of brick and mortar stores (it opened 167 stores in 2020) and the recent acquisition of auto parts retailer Mayasa, the company is poised to be the leader of the pack.

PetIQ

Looking to add a pet stock to your portfolio? For many, more social isolation and time at home last year meant more time with furry friends. So it makes sense that there was a rise in pet sales as well as all the products that go along with owning one.

Idaho-based company PetIQ (NASDAQ:PETQ) manufactures and distributes pet-health products as well as operating vet clinics across the US. The company is the biggest retail distributor of prescription and over-the-counter products for pets, with a massive 1,200 product inventory. PetIQ is trading around $36 right now, making it a much cheaper buy than its competitors in the industry like Chewy.


Disclaimer: Market Buzz contributor has no position in any of the stocks mentioned.

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