2 Stocks That Could Turn Your $1,200 Stimulus Check Into a Fortune
The coronavirus has been a disaster for millions of Americans as well as for the U.S. economy, but the shift in daily life from the stay-at-home orders has provided a tailwind for a number of businesses. Those who are fortunate enough not to need their $1,200 stimulus checks to cover immediate expenses have an opportunity to invest those businesses.
E-commerce, for example, has seen a boom with brick-and-mortar stores closed across the country, driving shares of online retail specialists like Amazon, Shopify, and Etsy to all-time highs. Video streaming and videoconferencing have also benefited from the lockdowns; Netflix added a whopping 16 million subscribers in its first quarter, and Zoom Video Communications has seen usage skyrocket during the pandemic.
However, one industry that looks set to make major strides has been somewhat overlooked by investors. Connected TV -- television content streamed over the internet -- and the advertising ecosystem it enables is ready to take off, and the shutdown orders and economic impact of the outbreak should accelerate that transition. Two companies in particular, The Trade Desk (NASDAQ: TTD) and Roku (NASDAQ: ROKU), are primed to be big winners from connected TV. Let's examine the opportunity in connected TV before exploring how The Trade Desk and Roku can take advantage of it.
Source Fool.com