This Stock is Soaring

Today, we’re looking at a thriving “picks and shovels” play on the technology sector…

Longtime readers know what we mean… During a gold rush, some miners will get rich and some will go broke, but they all need to buy the tools to do their jobs.

These days, a good picks-and-shovels business provides valuable tools to whole sectors and industries.

And few tools are more valuable than information technology…

CDW (CDW) is a $19 billion supplier of computer hardware, software, cloud-computing solutions, and similar goods and services.

Its customers can choose among 250,000-plus products from more than 1,000 brands.

And it sells to a diverse range of businesses, government agencies, schools, and hospitals. CDW doesn’t care who makes the most money – because everyone needs IT solutions. The company saw record sales of $4.9 billion in the most recent quarter, up 12% year over year.

CDW shares have more than quadrupled over the past five years, and they recently hit new all-time highs. That’s the power of selling the right tools at the right time…

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Source: Daily Wealth’s Market Notes