People need to move, no matter what the economy is doing. And many will move to areas with lower taxes, higher growth, and better job opportunities. That’s been playing out slowly over the past decade, with the pandemic causing a faster migration rate as many looked to move to lower-density areas.
While that trend is slowing, it isn’t stopping. And companies that cater to this trend will likely continue to fare well in the years ahead.
One company benefitting from this trend is rental and leasing service firm Amerco (UHAL). Best known for its U-Haul line of trucks and services, it’s the go-to company for those moving, whether in-town or cross-country.
- Buy Alert For $2 Coin
The man who picked Bitcoin in 2014 when it was trading for just $369… picked Ethereum in 2016 when it was trading for just $7, AND even warned his followers of the 2020 crash.
Now he believes a tiny $2 coin is set to SOAR! Maybe even as soon as this month.
So if you missed Bitcoin and Ethereum... this could be your final chance at mind boggling crypto gains. Learn how to get in front of this massive opportunity.
Shares have been knocked down nearly 20 percent in the past year, and nearly 30 percent off its 52-week highs. But given long-term moving trends, that’s just taken shares from 19 times earnings to under 10 times earnings – making it look like a bargain now.
Action to take: Investors interested in the company can start accumulating shares around today’s prices, with an eye towards a potential market drop in the coming weeks that may make shares a bit cheaper as well. The company doesn’t pay a regular dividend, but did declare a special dividend at the start of September.
For traders, the March $579.50 calls, last going for about $23.50, are close to-the-money, and could deliver mid-double-digit gains in the coming months. In today’s market, buying the option on a down day and looking to flip it on an up day may make for a smaller, but more consistent, profit opportunity.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.