Camping Stocks Could Give Post-COVID Wins
As I’m sure you know, the way we work will now be changed forever…
So if you find yourself wondering how many jobs can be done at home, you’re not alone.
That’s why a recent study from the Journal of Public Economics was so eye-opening.
You see, the authors studied the feasibility of working at home for all U.S. occupations.
The findings were quite interesting…
The study concluded that37% of jobs in the UnitedStates can be performed entirely at home and jobs done at home typically pay more.
This continues to make an interesting case for work-at-home plays, including Slack, Keurig Dr Pepper and Peloton.
But let’s take this trend a step further…
Consider vacationing – and the new emphasis that’ll be placed on being outdoors.
You see, now that everyone wants to get outside, there’s a higher demand for camping accessories and equipment.
As the pandemic has taken people off hotels and planes, the result is that socially distanced outdoor holidays are enjoying a major popularity surge – lead by camping and “glamping” (a higher-end camping experience).
Some campsites are reporting a 400% spike in business, which makes the case for an increase in sales of tents, sleeping bags, camping furniture and cooking equipment.
And since the bulk of the demographic is coming from growth among families and 21- to 29-year-olds, this makes a case for a “cool” and on-brand company like Yeti (NYSE: YETI).
As I’m sure you know, Yeti brands its products around outdoor recreation – which applies to activities like hunting, fishing, camping, barbecuing, farming and ranching.
Pictured: the $399 Tundra Haul Hard Cooler
The company’s hard and soft coolers, drinkware lowballs, stackable pints, mugs, tumblers, bottles, jugs, ice substitutes, and dog bowls all lend perfectly to investing in the new emphasis on outdoor activities.
Action Plan: Like most retail companies in 2020, its pre-share earnings are expected to decline 15% this year (ending in December). However, its earnings per share are then forecast to increase 28.2% in 2021, which is why accumulating shares now – as this is the next logical progression as an “outdoor” winner – makes sense. Establishing a new Yeti position right now is a smart move.
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About Bryan Bottarelli
Bryan graduated with a business degree from the highly rated Indiana University Kelley School of Business, and his first job out of college was trading stock options on the floor of the Chicago Board Options Exchange. He was mentored by some of the country’s top floor traders in the heart of the technology boom from 1999 to 2000, where he learned to identify and implement some of his most powerful trading secrets. Now he shares his secrets with a group of elite traders. We will be republishing some of his highly sought after content from his free e-letter, Trade of the Day.