Matt’s Top Stock for June
June 1, 2020
Hi, I’m Matthew Cochrane, lead advisor at 7investing. I’m standing on Las Olas Blvd. in downtown Fort Lauderdale. Near this site the city hosts the annual Las Olas Arts Festival, which has now been running for 33 years, though for obvious reasons the fair might not be held this year.
Decades ago, this event did not launch to huge fanfare, its beginnings were humble. It started as a small block festival, but it now stretches along the Boulevard for miles and includes three weekends throughout the year. As the years went on, every year the fair attracted more festival-goers. As the event’s attendance grew, more artists and sculptors started exhibiting at the fair.
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In other words, as more top artists began exhibiting, the crowds grew larger. As the crowds grew larger, more exhibitors would come the next year. This cycle began feeding itself until the Las Olas Arts Festival grew into what it is today, one of the top art festivals in the nation and one of the most anticipated art events in the South Florida area. The Las Olas Arts Fair benefited from this growing network effect, a phenomenon where an increased number of people or participants improves the value of a good or service.
My top stock pick this month also enjoys a powerful network effect, and even though it is well-known, I believe this company’s network effect is somehow still underestimated by many investors. A network effect is one of most powerful economic moats, a durable competitive advantage that enables a business to protect its long-term profits and market share from competing firms. If you’re interested in my stock pick this month, click the link at the end of this video or visit 7investing.com. For just $49 per month you will gain access to all 7 of our stock recommendations each and every month.
I’m Matthew Cochrane, we’re 7investing, and we’re here to empower you to invest in your future