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 has never been higher, and merchants are going cashless. 7investing lead advisor Matthew Cochrane's stock recommendation this month directly benefits from all of these growing trends.
October 1, 2020
COVID-19 has changed the way people interact with the physical world around them, including how consumers wish to purchase goods and services.
7investing lead advisor Matthew Cochrane’s Top Stock for October benefits from these changing behaviors, from growing e-commerce sales to merchants going cashless.
[vc_cta h2=”Empowering you to invest in your future!” h4=”Subscribe to 7investing to get direct access to Matt’s report.”][su_list icon=”icon: line-chart” icon_color=”#84c136″]
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.
Hi, I’m Matthew Cochrane, a lead advisor at 7investing, and I’m standing on a beach in South Florida, not far where I grew up. I remember coming here when I grew up and we’d keep a bag of loose change, much like this one, in the car to feed the parking meter at the beach whenever we came. Now, you don’t need quarters in your car any more to pay for parking, you pay by credit card or downloading an app on your phone. You don’t need a quarter to buy a newspaper at a news stand either, you most likely pay for through an online transaction. Microtransactions are just one way consumer behavior is changing when it comes to paying for things.
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 and loose change, 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.
The company I’m recommending is at the forefront of these changes and, while it has already appreciated greatly this year, I think it has a long way to go yet.
If you’re interested in my stock pick this month, click the link at the end of this video or visit 7investing.com. For $49 per month or just $399 for the entire year, you will gain access to all 7 of our stock recommendations each and every month.
But you can’t pay with quarters, so visit 7investing.com to sign up for an annual subscription today.
I’m Matthew Cochrane, we’re 7investing, and we’re here to empower you to invest in your future.