COVID-19 has changed the way that we conduct our day-to-day lives, as well as how businesses run to survive. As you look forward to the holiday season, knowing which stocks will perform well is difficult to gauge. Choosing stocks should be done with an eye towards what has changed about the way we conduct our lives rather than what has stayed the same. Think online shopping, shipping, and deliveries, and you are sure to find the soundest investments that hold promise well into the new year. Here are the three best stocks for the 2020 holiday season that should be at the top of any investor’s list.
Walmart has emerged as a necessary resource for consumers who are doing more buying online and opting for pick up and delivery. Even before the pandemic struck, American households were positioning themselves in the marketplace to take on the biggest names in the business. This strategy set them up for success during the pandemic and positioned the company as a confident rival of the big names in online commerce. While COVID-19 toppled so many businesses that couldn’t adapt to the new environment, the pandemic was the fire that Walmart needed to grow and thrive.
If you wrote off Overstock in the past, now is the time to take another look. With a 1,100% gain over the course of the pandemic, Overstock is proving to be another 2020 success story. The company took the opportunities granted by COVID-19 and pushed to attract consumers who wanted to buy home furnishings online rather than in stores. Black Friday promises to be another large opportunity for Overstock, and they are well-situated to bring in even more business until a vaccine is developed and distributed across the United States.
iShares Transportation Average ETF
Online orders require shipping and delivery, making iShares Transportation Average ETF one of the best stocks for the 2020 holiday season. The stock has been on an upward trend and looks ready for a bull trend. Even with delays in shipments and deliveries, both are necessities for the 2020 holiday season. This stock is primed for an upswing and makes for a sound investment that holds much promise well into next year. Just make sure to invest sooner rather than later to maximize returns.