This Is Hands-Down the Most Extreme Profit Upside of 2020
June 29, 2020 at 05:00 AM EDT
I'll come right out and say it: I've always dreaded and hated grocery shopping. Even during the best of times, before "social distancing" and "quarantine" were a way of life, I just couldn't stand it; I avoided it whenever I could. Once the COVID-19 pandemic hit, and trips out - to mostly empty shelves - became a roll of the dice with my health... fuggetabouddit. Looks like I'm in good company: Retail sales tanked more than 16% in April as the pandemic took hold. By May, they swung back and rebounded more than 17%, but even that was around 6% lower than May 2019. Here's the thing, though... The massive, wholesale move to online shopping has led to forecasts of 18% growth in e-commerce. When you think about it, that growth is no mystery. Except for filling up my tank (which I'm not doing often these days), I'm doing just about all my shopping online. Instacart, Amazon, eBay - name it, and I've probably bought there recently. Hundreds of millions of other consumers have, too. It's created an extremely bullish setup for the entire e-commerce segment. And I don't think that boom is over, not by a long shot. That means there's plenty of time left for "smart money" moves in this space... Full Story The post This Is Hands-Down the Most Extreme Profit Upside of 2020 appeared first on Money Morning - We Make Investing Profitable . And I don't think that boom is over, not by a long shot. That means there's plenty of time left for "smart money" moves in this space... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.