Want to Invest Your Third Stimulus Check? Consider This Cheap Stock
With the recent signing of the new $1.9 trillion COVID-19 relief package, many Americans can soon expect fresh $1,400 checks to hit their bank accounts. After making sure that the bills are paid and that a sizable emergency fund is set up, one prudent action is to invest that cash in the stock market with a long-term time horizon.
With extra capital to put to work, investors should consider adding O'Reilly Automotive (NASDAQ: ORLY) to their portfolios. Operating in a sleepy industry, this automotive aftermarket parts leader has actually done exceptionally well over the past year.
But it still doesn't attract the attention it deserves. Let's find out why this consumer staple warrants a look from those wanting to put new stimulus money to work.
Source Fool.com
