The economy has been on a wild ride the past year.
Gross domestic product (GDP) and Federal Reserve data look more like a rollercoaster you’d see at an amusement park than a meaningful trend. I mean, COVID-19 completely roiled the U.S. economy and fundamental growth.
But there’s finally a light at the end of the tunnel...
Unemployment levels and COVID-19 cases are declining in the U.S., and major rallies are happening in sectors like airlines and hotels… the same industries making 52-week lows just shy of one year ago.
And with summer right around the corner, I wanted to give you three consumer stocks set to jump on the country’s reopening.
The markets have come a long way in the past year. And with most Americans able to get vaccinated soon, economists expect a major boost in the second and third quarters. So these consumer stocks are really set to jump.
While I’m not as excited about the global economy reopening, the U.S. is seeing a push toward normalcy. That means big money for the select few consumer stocks I’m aggressively targeting.
The first consumer stock set to jump is BRP Inc. (Nasdaq: DOOO).
BRP designs, develops and manufactures recreational vehicles such as snowmobiles, ATVs, motorcycles and personal watercraft. They’ve got the entire industry completely locked down, as you can see.
And with the economy heating up, along with the weather and stimulus checks arriving in the mail, BRP is positioned for another hot summer of growth.
The one-year return on this stock is 424-plus percent, and it only has a market cap of $7.6 billion. That tells us there’s big upside potential ahead, which is why I have a price target of about $105 per share over the next few months.
But BRP isn’t the only consumer stock set to jump during the recovery phase…
You’re going to want to check out today’s short video because one of the next consumer stocks set to jump is actually one of my recent Microburst Profit Signals trades. I have a price target of $51 per share over the next 10 weeks.
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