COVID-19 Stimulus is Far from Settled – Here’s the Best Way to Play It

1 | By Michael A. Robinson

COVID-19 stimulus has not only been a tremendous deal, but it’s also still a highly pressing matter.

Congress and the administration responded to the economic impact of the coronavirus pandemic with a $2.2-trillion stimulus last March.

It was the largest stimulus package ever adopted and amounts to roughly 10% of the nation’s economic value. And I expect that it won’t be the last one, either.

Make no mistake. This is a very complicated package totaling more than 800 pages.

It provided $500 billion in loans for large firms and $377 billion for small ones. Families received $300 billion in one-time cash payments.

No doubt, this was a godsend to millions of workers and employers alike.

But there’s just one problem – accounting for all that cash flow is no simple matter, but, as the Deloitte accounting service company points out, that record keeping is necessary to see all the benefits of the program.

If a beneficiary business wants to apply for loan forgiveness, they need to be keeping track of where all of that money they received is going.

And today, I’m going to reveal a tech leader that can do that for companies and households alike and is beating the broad market by 40%

This Moneymaking Trend Will Last Long After COVID-19 Is Gone

0 | By Alex Kagin

E-commerce, video conferencing, gaming, and basically any stocks involved with staying at home have seen phenomenal returns this year with many stocks up over 100%. In light of that, it’s hard to know whether you are buying too late or if we are just at the beginning of a lasting trend.

Fortunately, there’s no better place to be forward-looking than tech because something new is always happening that leads to money-making decisions.

Take for example Chewy.com (NYSE: CHWY), an online retailer of pet food and other pet-related products whose stock is up almost 200% since the start of the pandemic. This here is a fundamental shift in e-commerce and consumer habits and not a one-time event.

With stores closed across the country, it’s understandable why this company has done so well, and I believe they will be able to sustain their newfound business as people discover the convenience.

Recent Articles