Shares of Tesla, the world’s largest electric car maker as well as solar energy, have set various records in 2020 with an increase of over 689%. Tesla’s share price on January 12, 2021 was USD849 per unit, whereas on January 13, 2020; Tesla’s stock price is only worth USD103 per unit.
The increase in market price also increased the market value of Tesla to USD805 billion, thus elevating its CEO, Elon Musk, as the world's richest man according to Forbes.
Shares of Tesla on January 12, 2021, which rose 4.7%, have increased Elon Musk’s net worth by USD7.8 billion to USD183.8 billion. Elon Musk has overtaken Amazon founder Jeff Bezos, who has a fortune of USD182.4 billion.
How can we participate in the rise in stock prices in the world's largest market? This is where the shares of the world's largest company, Apple, are worth USD2.16 trillion, followed by 3 other companies worth more than USD1 trillion such as Microsoft, Amazon and Alphabet (Google). These were then closely followed by other giant companies such as Alibaba, Facebook, Johnson and Johnson, Boeing and many more.
The same is true of the world's largest vaccine manufacturing companies such as Pfizer, Moderna, BionTech and many more. We also know the Covid-19 pandemic has caused demand for healthcare and vaccine-related stocks to increase dramatically.
Various IPOs of great companies such as AirBnb saw a price spike on the first day it was listed, from USD68 up to USD165.
Why Invest in the US Stock Market?
Why should we seriously consider investing in this world’s largest market?
1. It is the largest market in the world and offers participation into the well-known and strongest companies in the world.
2. Investors from one world participate in this stock market with a very large trading volume compared to any other country in the world. This makes its liquidity level very good and easy to trade.
3. The United States market also has a longer trading period of 4 hours (Pre-Market) before the regular market opens (8 hours) and 4 (Post-Market) after closing. This makes it more investor friendly from around the world with 16 hours of trading hours.
A Malaysian spread fund manager, the EPF also invests in overseas markets, especially in the United States, and earns lucrative income for the distribution of dividends to subsequent contributors.
Shariah Compliant Status In The United States?
What might be a question is how does an investor know the Shariah compliance status of companies listed on the U.S. market, specifically the NASDAQ and S&P 500?
Now, you don’t have to struggle to identify shariah -compliant stocks because the gotrade broker app can help you as this broker has automatically screened more than 4,000 stocks on the Nasdaq and 506 stocks on the S&P 500.
Screening is implemented through two stages, namely business type screening (Business Activity Screening) followed by financial ratio screening (Financial Ratio).
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