How to Profit from Online Pandemic Spending

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Midas Letter

The Digital Businesss Channel for Cannabis, Crypto and Technology Stocks.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.

This week, traders have all had one eye on the retail sector and company earnings being reported.

We saw the big hitters in that space report financials like Walmart Inc (NYSE:WMT), Lowe`s Companies Inc (NYSE:LOW), Home Depot Inc (NYSE:HD) and Target Corporation (NYSE:TGT)…

Target being the stand-out winner – reporting record numbers in online sales. Their stock, which has already been flying, has now hit a new all-time high.

What does this mean for investors moving forward? 

It means that there has been a fundamental shift in the way consumers behave. The majority of spending for the average person is now being done online. It also means that although people have been forced into staying-at-home, they are still spending their money.

Another trend is that people are not just spending their money (earned or subsidiary given) but investing it back into the place they now spend most of their time: i.e. their home.

Home Depot, Lowes and ancillary stocks like Lumber Liquidators Holdings Inc (NYSE:LL) are all making huge moves accordingly… 

Watch the full interview to also see which other stocks we are keeping our eye on to rebound BIG in the future.

Midas Letter is provided as a source of information only, and is in no way to be construed as investment advice. James West, the author and publisher of the Midas Letter, is not authorized to provide investor advice, and provides this information only to readers who are interested in knowing what he is investing in and how he reaches such decisions.

Investing in emerging public companies involves a high degree of risk and investors in such companies could lose all their money. Always consult a duly accredited investment professional in your jurisdiction prior to making any investment decision.

Midas Letter occasionally accepts fees for advertising and sponsorship from public companies featured on this site. James West and/or Midas Letter may also receive compensation from companies affiliated with companies featured on this site. James West and/or Midas Letter also invests in companies on this site and so readers should view all information on this site as biased.