This Stock is Soaring

Today’s chart shows a powerful way to invest in a booming sector…

According to the Pew Research Center, 95% of Americans have a cellphone, and more than 80% of them are data-intensive smartphones. As we rely on these devices, cellphone carriers rush to boost their network coverage. And that means big money for this business…

Crown Castle (CCI) is a $50 billion provider of wireless-communication infrastructure.

It boasts more than 40,000 traditional cellphone towers, plus about 65,000 small-cell nodes that provide extra bandwidth in specific busy locations.

All four of America’s big cellphone carriers are Crown Castle customers…

So it reaps the benefits, whichever one you choose.

It’s no wonder Crown Castle’s profits jumped 117% in the most recent quarter, reaching $213 million.

As you can see, shares have risen almost 40% over the past two years, and they recently hit a new all-time high. As long as Americans keep demanding fast Internet access wherever they go, expect these gains to continue…

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Source: Daily Wealth’s Market Notes