Although investing is about identifying companies that will succeed in the future, no one has a crystal ball. It’s especially difficult to anticipate what will happen in a post-pandemic world, when so much has changed over the past year. However, a few new behaviors have been established that promise to change how consumers spend money for years to come. That visibility could give investors a leg up in picking winners whenever (hopefully!) things get back to normal.
LCI Industries (NYSE: LCII), Marine Max (NYSE: HZO), and Chewy (NYSE: CHWY) all had an eventful 2020 and are capitalizing on the trends that took hold during the pandemic. The new spending habits may continue far longer than Wall Street is expecting, and that’s a recipe for great investment returns if the trends hold.