Matt's Top Stock for March 2021 is riding the tailwinds of e-commerce and a growing regulatory landscape as it offers cloud-based solutions to help its clients navigate an increasingly complex world.
March 1, 2021
With thousands of tax jurisdictions in the United States alone – not to mention a maze of customs, duties, and import taxes for international sales – the promise of e-commerce and globalization has come with a host of regulatory complications. 7investing Lead Advisor Matthew Cochrane’s recommendation this month offers cloud-based solutions for a range of tax and governing issues that businesses face in a globalized economy.
Is the stock market in a bubble? As valuations rise and fears of inflation, government debt, and reopening delays in the economy persist, it’s a natural question to ask. One thing that helps me sleep at night is investing in companies that perform necessary functions in today’s digital economy.
My stock recommendation this month commands a steep valuation. It’s one of those enterprise software companies that comes with high margins, rapid growth rates, and a price to match. Should its valuation scare investors away? I don’t think so. This company performs a critical task in today’s world, providing a real value to its clients proven by its extremely high revenue retention rates.
That’s important because the type of investments that command high prices and don’t perform essential services can easily be cut from IT spending budgets, quickly leading to decreased sales and a hit to their stock price.
My top stock picks this month, is helping companies make the digital transformations necessary to thrive in today’s world. Enterprise software spending and e-commerce were already rising trends that, if anything, COVID-19 only accelerated.
This company benefits from both these trends. If you’re interested in my stock pick this month, visit 7investing.com. For just $49 a month or $399 for an annual subscription, you’ll gain access to all seven 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.