Investors are tasked with the job of reallocating wealth to companies for a chance to gain profits. In this new post-pandemic world, that job still hasn’t changed. The COVID-19 pandemic has forced the world to change the way we do business. Having a digital presence is now a necessity, so the companies facilitating this transition will see an increased demand for their products, which will, in turn, help facilitate any rise in stock price. Those companies are Shopify, Prologis, and Teladoc Health.
Shopify is a company that sells software that enables businesses to create a complete e-commerce business. According to The Motley Fool, this stock “is growing leaps and bounds,” already because of the race for companies to take their inventories online. For most businesses, Shopify offers the easiest way to quickly and easily take their businesses online.
Now that all businesses will be moving online, some businesses may need to invest in storage space for their products. Prologis is a real estate investment trust (REIT) that focuses on building and leasing warehouses and fulfillment centers. The Motley Fool reported that Prologis already has customers from big retail giants like Amazon, Walmart and Home Depot, and are already seeing an increase in their operations. Many small companies will now have to use the services offered by Prologis too, so there should be significant growth in revenue.
The health industry is obviously going to be impacted the most as a result of coronavirus. The way we can interact with our medical practitioners has begun to go digital. One of the companies helping to facilitate this new digital healthcare is Teladoc Health. Teladoc Health is a supplier of virtual healthcare services and as more hospitals begin to use their products, they will continue to see significant growth in their profits.
The companies above will undoubtedly flourish once the lockdown is over. The new world that we will be coming into will require the products of these companies now more than ever. They have already seen a significant uptick in the price of their stocks and some analysts claim these stocks are already overpriced. As these companies stand at the forefront of America’s race to transform our economy, the investors who choose them should be richly rewarded.