The corona crisis has helped companies focused on digital and green transformation

The corona crisis has helped companies focused on digital and green transformation

The top 20 stocks in the US and European markets achieved an average annual return of 148 percent last Friday, thanks to strong earnings of stocks such as Etsy, Sinch, Hellofresh, NEL and Adyen, which focus on digital and green transformation.

The corona crisis significantly helped Tesla

As Saxo Bank equities analyst Peter Garnry notes further in the commentary, the pandemic has lifted companies that are building on digitization and governments have increased their investment commitments to green the economy. According to him, the winner is also the company Tesla, which this year became one of the most valuable companies in the world, because the demand for electric vehicles increased dramatically despite the economic downturn.

Vaccine manufacturers have done well

Healthcare companies have also been successful, especially those involved in the production of tests and vaccines. "And, of course, digital companies in the areas of delivery services, e-commerce and software, and finally the automation and robotics sectors. The more we automate, the less fragile our production and supply chains are," explains the analyst. On the other hand, the list of losers includes European actions that have been negatively affected by the uncontrolled pandemic situation.