Is Twitter (TWTR) Stock a Buy For 2021?

Carillon Eagle Mid Cap Growth Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. You should check out Carillon Eagle Mid Cap Growth Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.

In the Q3 2020 Investor Letter, Carillon Eagle Mid Cap Growth Fund highlighted a few stocks and Twitter Inc. (NYSE:TWTR) is one of them. Twitter Inc. (NYSE:TWTR) is a social network company. In the last one year, Twitter Inc. (NYSE:TWTR) stock gained 67.7% and on December 31st it had a closing price of $54.15. Here is what Carillon Eagle Mid Cap Growth Fund said:

“Twitter’s user count continues to accelerate due to the global stay-at-home situation as well as the numerous positive changes the company has introduced on the platform in order to keep users engaged. The addition of various topics and lists along with the expansion of video have led to more users joining the platform and kept existing users more engaged. We believe the next positive development on the horizon could come from the company’s ability to increase the monetization of these users.”

Twitter Inc (NYSE:TWTR), Homepage, Website, Sign, Screen, Logo

Evan Lorne /

Last month, we published an article revealing that RiverPark believes Pinterest Inc. (NYSE:PINS) has the potential to be the next Twitter Inc. (NYSE:TWTR) by increased user engagement.

In Q3 2020, the number of bullish hedge fund positions on Twitter Inc. (NYSE:TWTR) stock increased by about 10% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in Twitter’s growth potential. Our calculations showed that Twitter Inc. (NYSE:TWTR) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

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Disclosure: None. This article is originally published at Insider Monkey.