This story was originally published here.
As the coronavirus crisis continues to take its toll on the U.S. economy, more Americans are relying on credit to get by.
A new survey by CreditCards.com reveals that 47% of U.S. adults now have credit card debt, compared to 43% in March.
And 23% of adults have added to their debt during the crisis.
That’s big news for the credit card industry. But is it really safe to invest in this space, right now?
I asked experts Brian Christopher and Jeff Yastine to share their latest thoughts on two credit card companies on their radar.
They recommended both in March — and it sounds like these companies have plenty further to climb…
Trade No. 1: Discover Is up 35% in 6 Weeks
By Brian Christopher
In the Discover Financial Services Inc. (NYSE: DFS) essay I published on March 26, I told you to wait until shares fell again.
They did shortly thereafter.
They closed at $28.53 on April 3. And they’ve risen more than 35% since.
That’s a solid move in a short period.
Technically, the chart looks promising…
Editor's Note: To keep reading, click here.
The No. 1 Tech Stock of 2020 Just Tripped a Rare “BUY” Signal
One company is about to blow nearly every other tech firm out of the water.
As one investment analyst commented: “Its numbers are truly mind-blowing.”
Thirty-one analysts recently gave this stock a massive buy/outperform rating…
And it just triggered a fresh signal that indicates it could be about to explode in price.
You see, this company holds more than 200 patents, and 500 more are pending in a technology that experts are calling “the new oil.”
That makes this company absolutely dominant in a tech revolution that is expected to explode 18,767%.
You won’t want to miss this.