Special Report: Everything You Need to Know About 4 Industries You Must Own: Part 1 Is there a better EV stock than Tesla?
So where are your profits going to come from in 2021 and indeed for the next 10 years? Not, I’d argue from a bounce in the consumer stocks that got crushed by the coronavirus pandemic shutdowns. For the next few months, I think you’ll be able to score big profits in airlines, retailers, restaurants and other stocks that have been hammered in the coronavirus economy. It’s already been quite a bounce. And there’s still more upside as coronavirus vaccines get rolled out.But after that? Pheh! Not in those sectors. Airlines haven’t shown a net profit during the life of the airline industry. The retail sector was “over-stored” even before the coronavirus. The restaurant sector was busy devouring its own young. And just how many chicken sandwiches can America eat? No, the really big long-term profits aren’t going to come from a bounce in distressed sectors. But from the invention of whole new products and industries and sectors. They’re going to come from electric cars, artificial intelligence, climate change, and distributed-work software to name just four big but already discernible future trends.
