The only constant in the world is change. Companies that have been around for decades (or even over a century) need to either adapt or die. Some companies are getting the message that if they want to stay relevant tomorrow, they need to make changes today.
Big tech companies have fared well in this regard, expanding into new areas and new technologies. But other large companies are making moves too.
One surprising play has been Walmart (WMT). The retailer has expanded online to compete with rising ecommerce sales.
- My #1 EV Stock (NOT Tesla)
I believe this little-known company will be the next EV giant.
Its car is faster than Ferrari's F8, McLaren's 720S and Porsche's 911 Turbo. Yet it's 100% electric.
And while it's a marvel of American engineering...The CEO wants it to be an everyman's car... and plans to ship out 1 million per year.
Already, it's set to grow faster than Tesla, Amazon and Facebook... COMBINED. Sales could DOUBLE to $5.5 billion in 2023... then almost double again to $9.9 billion a year after that.
Simply put, this company could be on the verge of a HUGE run.
But the company is also looking to expand everyday low prices to customers in areas such as banking as well. That’s just the surface of changes underway that can potentially allow the company to see robust growth, and analysts are paying attention.
Action to take: Shares are near all-time highs, but investors today can nab a 1.5 percent dividend yield and potentially see faster growth at the company could lead to higher value for shares in the years ahead.
For traders, shares look strong ahead of earnings, and the upward momentum will likely continue. The December $155 calls, last going for about $4.40, can potentially see high double-digit growth or better, especially if shares rally on earnings next week.
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.