If You Own Garmin Stock, It May Be Time to Buy More
The effects of the coronavirus pandemic have manifested themselves in different ways throughout society. While the restaurant and the travel and leisure sectors have been hit hard, grocery and packaged-food companies have benefited. Those results are likely temporary, and those businesses should eventually see a normalization.
But some changes may be here to stay. Zoom Video Communications and Peloton Interactive are new to the scene, but have shifted the idea of what people can accomplish at home. Another shift that could be here to stay is the accelerated interest in the outdoor lifestyle. One under-the-radar winner from those trends is Garmin (NASDAQ: GRMN), a maker of outdoor recreation devices. After seeing its recently released third-quarter earnings report, shareholders may find it's time to buy more.
Image source: Garmin.
Source Fool.com
