Here are a few ETFs that should perform well in 2021. Of course, many of these have already run up, but the themes should continue under the new administration – especially anything related to the environment and biotech.
ICLN – This Clean Energy ETF should have significant tailwinds under the Biden administration. However, I would like to see consolidation at these levels or a pullback to $23 before stating a position. TAN is a my trade for the solar energy market in 2021.
ARKG – ARK‘s ETFs are all over the news and for good reason. Cathie Wood is a genius in my opinion and ARK’s ETFs are on the front edge of what’s hot. I want to be part of the next big developments in biotech, specifically genomics. ARKG is hyper focused on this space. Like ICLN, I would like a pullback in ARKG, but I definitely want to be here in 2021.
IBUY – This one seems obvious and has benefited significantly from the stay-at-home economy. I plan on holding the position I have, but if the fear of Covid subsides and money moves away from the online ecommerce bandwagon, IBUY’s growth could slow. For now, I’m in and would add on pullbacks to $100.
PHO is my water play for now. I may shift this theme to another ETF, but I like the sector. More thoughts to come on this theme in future posts.
CIBR – I’m kicking myself for not being in a Cyber Security ETF before today, but there is a strong likelihood that this theme will continue in 2021. CIBR has been on a huge run, so a pullback would be interesting to me.
GBTC – This the Bitcoin Trust from Grayscale that is the easiest way to get Bitcoin exposure without trading directly in cryptocurrency.
Others I’m watching:
IHI – Medical devices
WCLD – Cloud computing
GAMR – Gaming
BOTZ – AI (or ARKQ)
DRIV – Autonomous vehicles