December 1, 2021
The war on cash is far from over, but the ranks of the companies wanting to enlist in the fight continue to grow. Buy Now, Pay Later, crypto, and new digital wallets are all vying for consumers’ attention.
7investing Lead Advisor Matthew Cochrane’s top stock to buy in December 2021 might be the company best positioned to capitalize on this shift, even as it is down significantly from all-time highs. The company possesses a wide economic moat while major consumer trends act as a tailwind.
COVID-19 has changed the world, fast-forwarding trends that were already in place by a magnitude of years. E-commerce is at an inflection point. Smartphone penetration and usage around the world has never been higher, making in-app purchases common place. Digital microtransactions are finding new uses every day. My stock recommendation this month benefits from all these trends but is still down significantly from its stock price’s all-time highs.
Hi, I’m Matthew Cochrane, a lead advisor at 7investing
COVID-19 has changed the way people interact with the physical world around them, including how consumers wish to purchase goods and services. While this includes such things as avoiding cash, it extends far beyond that. From contactless credit card payments and scanning QR codes into your phone to buying groceries through apps, consumer adoption of digital payments has fast-forwarded several years due to the pandemic. There are a lot of new entrants in this industry, but I believe my recommendation enjoys some unique advantages over its competition.
If you’re interested in my stock pick this month, click the link at the end of this video or visit 7investing.com.
I’m Matthew Cochrane, we’re 7investing, and we’re here to empower you to invest in your future.