Anirban’s Top Stock for July 2021
July 1, 2021
Global online sales grew about 28% in 2020, reaching well over $4 trillion. That number is expected to rise to around $6 trillion by 2023. Those are undoubtedly huge numbers. The sheer size of eCommerce means it is playground brands and retailers can no longer afford to ignore.
Yet, despite all the advances, it remains challenging for merchants to seamlessly establish a direct-to-consumer online store and fully realize the benefits of the growing pool of digital-first shoppers. 7investing Lead Advisor Anirban Mahanti’s July 2021 recommendation is a high-growth business tackling some of these complex challenges faced by merchants when they look to go online. With a sticky customer base, a large addressable market, co-founders in key management roles, and strong strategic partnerships, this early-stage company has the potential to deliver outsized returns for the patient, long-term focussed investor.
Some of the biggest winners of the stock market have been founder-run businesses that have tackled hard problems and gone on to win a substantial share of a very large market opportunity.
My top stock idea this month has some of these very same key traits. It is a business that is solving some very hard problems in the area of eCommerce. It’s a founder-run business. It is growing really quickly. And it is adding customers at an exponential pace to its platform. It is also, as a result, growing the gross merchandise volume through its platform at an exponential pace. All in, this company has just scratched the tip of what I would say is a very very large opportunity. And yet, what is interesting is, this fast growing company is already profitable. We love this combination of having a profitable business that is growing quickly, is founder run, that’s still small, and still has a long runway in front of it.
Hi, I am Anirban Mahanti, 7investing Lead Advisor. We are here to empower you to invest in your future by providing you with the top 7 stock ideas each month. If you like the idea that I just described go to 7investing.com/subscribe or click at the link at the bottom of this video.
I am Anirban Mahanti. We are 7investing.