Every time you make a profit in the stock market, you will usually have a smile on your face.
How did stock investing perform on Wall Street last year? Is it profit or loss?
We believe you all managed to make a good profit in the last year. Congratulations!
For those who do not succeed in making a profit, it is okay because just think of it as a learning process.
Before we look at the stocks that made the highest gains, let’s look at what happened to the Dow Jones index first.
On the first trading day of 2021, the Dow Jones opened at 30,627.47 points. On the last trading day of 2021, the Dow Jones closed at 36,338.30 points. The 5,710.83 point increase is a positive thing for the Wall Street market.
If the index has risen that much, surely many other stocks have also risen, right?
Let’s take a look at what are the 10 most profitable shariah -compliant stocks on the Wall Street stock market in 2021.
DESTINATION XL GROUP INC (DXLG)
Destination XL Group Inc. is a large and tall menswear retailer. DXL has 225 outlets throughout the United States and 2 outlets in Canada.
The company operates under 5 brands namely Destination XL, Casual Male, Rochester Clothing, ShoesXL and LivingXL.
LIGHTWAVE LOGIC INC (LWLG)
Lightwave Logic is a technology platform company that develops polymer electro-optics that increase the efficiency of internet infrastructure by converting data to optical signals and enabling more data to be transmitted at higher speeds.
3. ICECURE MEDICAL LIMITED (ICCM)
Icecure Medical Limited operates as a medical device company. The company was founded in 2006 and specializes in cancer tumors.
The core of the company’s technology is based on cryoablation, a process that uses very low cold temperatures to remove tissue cells.
4. AEHR TEST SYSTEMS (AEHR)
Source: AEHR
AEHR Test Systems is a system testing provider and is headquartered in California. AEHR provides production solutions for product manufacturing flows.
5. VERTEX ENERGY INC (VTNR)
Vertex Energy Inc. specializes in refining alternative raw materials. Vertex also markets high -purity petroleum products. Vertex is one of the largest used motor oil processing companies in the United States and has a processing capacity of over 115 million gallons annually.
6. BIOTRICITY INC (BTCY)
Biotricity is a modern medical technology company focused on innovative remote biometric monitoring solutions to the medical and consumer markets.
It includes diagnostic and post-diagnostic solutions for chronic lifestyle improvement conditions.
7. DIGITAL WORLD ACQUISITION CORPORATION (DWAC)
Digital World is a Special Purpose Acquisition Company (SPAC) that brings Trump Media and Technology Group to the public market through public mergers. The company raises funds from investors with the aim of finding companies to buy.
8. INTERCURE LIMITED (INCR)
Intercure Limited is a company based in Israel and involved in the cannabis industry. The company has a license to produce cannabis and was one of the earliest companies to offer cannabis -based pharmaceutical grade medical products.
9. SMITH-MIDLAND CORPORATION (SMID)
Smith-Midland was founded in 1960 acting as the corporate headquarters for its concrete production plant located in Virginia. The company is engaged in the production of pre-cast concrete.
10. RAMACO RESOURCES INC (METC)
Ramaco is an operator and producer of high quality and low cost metallurgical coal. Ramaco is considered a pure metallurgical coal company as well as having approximately 250 million tonnes of high quality metallurgical coal reserves.
Intend to expand your investment portfolio overseas?
Hey 👋 - download Gotrade to invest as little as $1 in any US stock on an easy to use, commission-free platform. Get $100 in free stock using this link: