Hot Mutual Fund Loves Facebook, Amazon, Apple, Netflix, Google
WEEK OF NOVEMBER 30, 2020
Apple, grows in the 5G space. And they will take a majority share in chipsets in 5G hand- sets.” If that growth does occur, it could make Qualcomm a bigger contributor to Focus Equity’s bid to remain among the best mutual funds. Still, the Federal Trade Com- mission could appeal. Why does one of the best mutual funds like PayPal PYPL ? The company is a driver of and beneficiary of the shift to digi-
tal payments. That shift gets a tailwind from the growth of e-commerce, Crawford says. It also gets a boost from the coro- navirus pandemic. PayPal also should benefit from the increasing popularity of Venmo, its peer-to-peer pay- ments platform. And PayPal is partnering with other growing businesses, including Mercado- Libre MELI and Facebook. Argentina-based MercadoLi- bre is an online retailer, auction site and payments facilitator. In
Mutual Funds Award winner, having topped the S&P 500 in calendar 2019 as well as over the three, five and 10 years ended Dec. 31 on an average-annual- return basis. Year to date going into Wednesday, the fund was on pace to repeat as an IBD Best Mutual Funds Award win- ner with a return of 40.93% vs. the S&P 500’s 14.42%. The fund’s large-cap growth rivals tracked by Morningstar Direct averaged 28.98%.
addition, PayPal has become a lead generation service for con- sumers seeking financial servic- es such as loans and insurance, Crawford says. And PayPal has launched a cryptocurrencies trading service. In turn, each new service pro- vides PayPal with information about customers, which it can then seek to monetize, Craw- ford says. In what way is Focus Equity one of the best mutual funds? The fund is a 2020 IBD Best
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