Profit Pregame

How to Get Your Piece of 2020’s “Pet Boom”

The “Pet Boom” is here…

Americans have been rushing to add new family members to their homes.

What’s happening?

When the covid-19 lockdown began, Americans all across the country were looking for new ways to keep themselves entertained. Some opted for a new hobby, others decided to buy new TVs or gaming consoles – but for many Americans, their focus shifted on one thing – a new pet.

Shelters have been emptied, prices have been driven up, and it seems Americans are looking for some companionship amidst the isolation. This need for companionship paired with a newly found amount of free time, this “pet boom, ” actually makes a good amount of sense.

And we see an exciting opportunity because of it.

Where’s the money?

You see, suddenly, people were adopting and purchasing pets in droves. And in return, that resulted in a massive wave of cash hitting the industry built for the man’s best friend. Pet supplies, toys, beds, and grooming products saw double-digit percentage increases in sales from late-March through early July, compared to the same period a year earlier.

A recent poll revealed how real the pet boom is. The poll showed that 69% of American households have at least one animal, and 37% have adopted a pet in the last six months. And this surge in pet owners isn’t showing any signs of slowing down anytime soon.

And here’s how you can get your piece of this new consumer trend.

How do I get some?

While the pet boom is unexpected – consumer spending habits are not. For months, we’ve seen a shift in spending as consumers focused more on improving the stay at home situation. And that includes their pet.

I don’t think we’re going to see a shift in spending habits anytime soon. That’s why I’m looking at putting my money into Chewy. Now, Chewy is an online pet supply retailer, and it’s seen a massive bump in traffic over the last few months. Because as we know, consumers are focusing more on shopping online.

And Chewy is your one-stop-shop for everything pet related, and you never even have to leave your house. They’ll deliver new puppy supplies, food, treats, and more straight to your door. So, it shouldn’t come as a surprise that this company is thriving in the current 2020 climate.

Now, this stock has been on a hot streak, but I’ve been watching it closely. And when it comes to my investment, I’ll be looking to add this stock to my lineup the second I see a pullback.

In the spotlight: Apple posts some impressive presale numbers…

Well, the newest iPhone model, the iPhone 12, might be the spark Apple has been missing. In its recent presale, Apple sold more iPhone 12 models in the first 24 hours of preorders than iPhone 11 models sold in the same time period last year.

Here’s a closer look at the numbers…

The company sold two million iPhone 12 units in the first 24 hours. That’s a massive jump from the 800,000 iPhone 11 orders the company received last year. And these impressive numbers are only for two of the four models coming to market. Analysts expect to see a spike in demand for the iPhone 12 mini and iPhone 12 Pro Max. The presale for these models will begin on November 6.

This spike in preorders was, frankly, unexpected. Many expect only to get better as the new iPhone will offer 5G capabilities – bringing a unique appeal to the iPhone consumers haven’t seen before. This surge in orders is exactly what Apple was looking for, too – meaning that an excellent size profit opportunity could be coming for investors. And I’ll be keeping you updated every step of the way.

Sometimes One Isn’t Enough…

While I’ve pinpointed Chewy as the best way to play an undoubtedly booming market, if you’re anything like me, you live for the thrill of placing your money in a stock and watching your investment grow…

So, for me, one just isn’t enough!

Even though I’m predicting big things for Chewy, my S.C.A.N. trading system and I have been busy scouring the markets for other opportunities, and I believe we’ve found some potential winners in the two positions I just released today.

To learn their names, click here now.

Community Tips

Inline Feedbacks
View all comments