7investing advisor Simon Erickson's Top Stock for August is an excellent pick for investors searching for stability. A beneficiary of huge developing trends, it has provided a positive total stock market return in every single year of the past decade.
August 1, 2020
The world has an addiction for mobile data. Denser 4G networks, new 5G networks, augmented reality, and autonomous vehicles are all leading to an insatiable demand for cellular bandwidth.
7investing advisor Simon Erickson’s Top Stock for August is a global leader in getting the world connected. It is leveraging strong competitive advantages to reward income-seeking shareholders with a continually-rising dividend.
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I’m 7investing lead advisor Simon Erickson. Here at 7investing, our team finds our 7 greatest stock market opportunities every month and we provide them to subscribers for just $17.
My top idea this month is a company that’s great for anyone who’s looking for stability. In fact, its stock has provided a positive total return in every single year of the past decade. It’s now leveraging strong competitive advantages, with strong tailwinds at its back, to provide a steadily-increasing dividend for investors.
The world has a mobile data addiction. It’s estimated that in North America, the amount of data consumed on mobile devices will increase 34% per year for each of the next five years. It’s indeed true that we’re downloading more apps and streaming more videos through our cell phones these days.
But the opportunity is even greater when you look at the global picture. Africa is embracing cellular technology for digital payments. The Industrial Internet of Things is using remote sensors to monitor everything. And consumers around the world can soon be using 5G for augmented reality and even autonomous vehicles.
And behind each of these opportunities is a market leader who is enabling the world’s growing demand for connectivity.
My Top Stock for August is an international compounding machine, which could serve as the perfect foundation for any investing portfolio.
To see the name of the company that I’m recommending, simply click on the link at the end of this video to get started with your 7investing subscription today.
We’re here to empower you to invest in your future. We are 7investing!