Where to Invest $5,000 Right Now
Wondering what to do with your stimulus check? Or, have you saved up money for a foray into the stock market? Putting $5,000 into a group of stocks can diversify your portfolio, offering you greater security in addition to what you're really looking for: high gains.
Target (NYSE: TGT), Etsy (NASDAQ: ETSY), and Amazon (NASDAQ: AMZN) are great companies that have delivered fabulous gains over time and still offer the opportunity for high growth.
If you live in the U.S. and have never been inside a Target store, you're an anomaly. The cheap and chic retailer operates nearly 1,900 stores in 50 states and took in $22 billion in sales in the 2020 third quarter. As an essentials retailer, Target was allowed to remain open during the pandemic, and sales soared by double digits every quarter during the crisis. In the third quarter ended Oct. 31, comps increased 21%, fueled by same-day shopping options. Target had already been a leader in omnichannel shopping for years before the coronavirus pandemic, and its many iterations of digital and physical shopping proved to be a crucial factor in its success over the past few months. In the third quarter, digital sales increased 155% and same-day services, which comprise pick up, drive up, and Shipt, grew 217%.
Source Fool.com
