The Best Reopening Trade You Never Thought To Make

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As the global economy continues to reopen, some of the biggest breakout candidates aren't so hard to imagine – stocks like last week's real estate pick, Iron Mountain (IRM), or our look at famous Brewmeister Molson Coors (TAP) earlier last month. But some other big opportunities hitting my radar now aren't the most easily recognizable "post-COVID-19" plays.

Today, I'm zeroing in on a shipping stock in the early stages of a mid- to long-term run-up. Analysts may not be impressed by its modest 4% year-to-date gain, but with a hand in every consumer market across several continents and a wealth of technical indicators adding some steam to the rally, I'm expecting big things from this stock over the next few months.

This Stock Won't Fly Under the Radar for Long

Shipping probably isn't the first thing that comes to mind when looking for a piece of the reopening elation buzz. Frankly, it isn't immediately appealing. It doesn't scream "summer fun." But it's a vital piece of the ongoing economic recovery, and it's a plea felt by enormous cross sections of the market.

Demand for everything from groceries to pharmaceuticals and retail goods is quickly outpacing supply. And as companies everywhere ramp up production to fulfill a backlog of orders, the one thing they'll need more than anything is shipping containers. Enter Amcor Plc (AMCR).

This shipping specialist manufactures packaging for just about anything you can think of. And as global economies continue reopening, stocks like this will soon become essential to restoring "business as usual."

Last month, Amcor announced earnings, narrowly missing EPS expectations by about 5% and welcoming a horde of critics and short sellers. But with a promising forward-looking position and upward-trending shares after finding some support from its 50-day moving average, I'm expecting a long-term bull run for AMCR stock – not to mention a potential short squeeze to supercharge the impending breakout.

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Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested ...

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