Getting started in stock trading would have appeared challenging during the Covid-19 pandemic. However, companies have found ways to bounce back from the struggles of 2020. That could probably motivate you to try free stock trading. Here’s a look at how some stocks have performed through 2020 and into 2021:
Chewy ($CHWY)
Online pet products retailer Chewy had a challenging 2020 though it kept growing its revenue all through the pandemic-infested year:
For Q1 2021, Chewy reported net sales worth $2.14 billion, a year-over-year growth of 31.7%. Net income was reported at $38.7 million.
During Q4 2020, Chewy earned net sales of $2.04 billion, a year-over-year growth of 50.8%. It was the first time that sales exceeded $2 billion.
Q3 2020 saw Chewy earn net sales worth $1.78 billion, a year-over-year growth of 45%. It also reported net loss worth $32.8 million.
For Q2 2020, Chewy’s net sales rose 47% year-on-year to $1.70 billion. Net loss was reported at $32.8 million.
Alaska Air ($ALK)
The transportation industry was severely affected by the Covid-19 pandemic, and airlines were among the worst hit. Many airline carriers had to change their routes. Alaska Airlines was among those carriers:
For Q1 2021, Alaska Air reported GAAP net loss worth $131 million, lower than the net loss worth $232 million sustained in Q1 2020.
For Q4 2020, Alaska Air reported GAAP net loss worth $430 million compared to net income worth $181 million in Q4 2019.
During Q3 2020, Alaska Air reported GAAP net loss worth $431 million compared to net income worth $322 million in Q3 2019.
Q2 2020 saw Alaska Air report GAAP net loss worth $214 million compared to net income worth $262 million in Q2 2019.
Transocean ($RIG)
Transocean is an oil drilling company that has obviously struggled with the reduced demand brought about by the pandemic in 2020. However, things are looking up in 2021:
For Q1 2021, Transocean reported contract drilling revenue worth $653 million, lower than $690 million in Q4 2020.
Q4 2020 saw Transocean report contract drilling revenue worth $690 million compared to the $773 million earned in Q3 2020.
During Q3 2020, Transocean reported contract drilling revenue worth $773 million, lower than the $930 million earned in Q2 2020.
In Q2 2020, Transocean reported adjusted EBITDA worth $418 million on adjusted revenue of $983 million.
Sensei Biotherapeutics ($SNSE)
Biotech stock Sensei had its IPO in early February. The challenges of the pandemic and the stiff competition in the biotech field caused Sensei to reprioritize its product candidates. It has stopped its SNS-301 program and is focusing on SNS-401-NG and SNS-VISTA through which it hopes to cover costs up to the middle of 2024:
For Q1 2021, Sensei Biotherapeutics reported net income worth $8 million.
For 2020, the company reported net loss worth $20.1 million, more than the $16.7 million it reported for 2019. Total operating expenses amounted to $19.451 million.
With online stock trading opportunities available, you can pick businesses that show promise.
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