(AbsoluteNews.com) – The coronavirus pandemic has changed the way American businesses operate. Many companies closed their offices and allowed employees to work from home. That decision created a boom in the technology industry, creating an investment opportunity for Americans.
The Shift to Remote Working
As the world changes, businesses are forced to adapt. During the pandemic, stay-at-home orders made it possible for some companies to stay open. The shift was so successful, a May survey found 57% of small business owners planned to continue to offer it as an option over the long-term.
According to Nasdaq.com, the shift to at-home working has led to a higher demand for office equipment. Personal computer shipments grew by 11.2%, data and storage protection software sales were up 12.5%, and security software rose by 5.3%.
The uptick in sales will likely continue as the pandemic stretches on, and maybe even after it’s over as businesses eliminate overhead costs. Americans have an opportunity now to get invested in companies that financial experts believe will grow.
4 Stocks to Keep an Eye On
- Lenovo Group Ltd. (LNVGY) manufactures mobile internet devices and PCs. The company reported revenue was up 7% year-over-year and its net income increased by 53% in the same period.
- Zoom Video Communications, Inc. (ZM) is a telecommunications company that millions of Americans have started to use. The company predicted a “744% year-over-year growth in earnings per share,” according to Nasdaq.
- Apple, Inc. (AAPL) is one of America’s favorite technology companies. In 2020, the company’s earnings have grown by 8.7%.
- GoodRx Holdings, Inc. (GDRX) is a tech company that helps consumers save on the cost of prescription drugs. It went public in September 2020 and recently Hedgeye analyst Tom Tobin predicted it would increase in value by as much as 50%.
These may be good investments, but please make sure you speak to your financial adviser before you make any big financial decisions.
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