3 Top Breakout Stocks to Watch in 2021

Pfizer (NYSE: PFE), Airbnb (NASDAQ: ABNB), and Fastly (NYSE: FSLY) all have one thing in common: near-term catalysts that should lift their share prices to new heights next year. In the past three months, shares of the three companies are already up by between 22% and 105%, far outperforming the S&P500's 10% gain during the same period.

Many investors become extremely hesitant to buy stocks trading at high valuations, or that have large recent run-ups behind them, fearing that they might get burned in a correction. However, momentum stocks can stretch out their rallies for months or years, so those fears can often result in one missing out on big gains.

Today, let's look at why a coronavirus vaccine manufacturer, a vacation rental company, and an edge computing business are all poised to reward shareholders in 2021.

Source Fool.com