This Stock’s Rally Should Continue

Today’s company is another winner in the midst of the global pandemic…

As folks continue with social distancing, they need to occupy themselves with activities, like playing video games. And many businesses’ employees are working from home, pushing the demand for electronics. Today’s company is getting a tailwind from both of these trends…

Logitech International (LOGI) is a $10 billion maker of electronics. It provides everything from mice and keyboards to webcams to headsets.

And as folks work from home or generally stay around the house, they have more need for Logitech’s products.

President and CEO Bracken Darrell commented in May, “Video conferencing, working remotely, creating and streaming content, and gaming are long-term secular trends driving our business. The pandemic hasn’t changed these trends: it has accelerated them.”

LOGI shares are up 60% over the past year, and more than 90% from their March lows… recently hitting a fresh all-time high. As the need for social distancing accelerates these long-term trends, that rally should continue…

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Source: Daily Wealth’s Market Notes