Today’s chart highlights an expanding American industry…
As regular readers know, following the leaders of big secular trends can be a profitable investment strategy.
And these days, the trend of “owning stuff” is in full force. In fact, self-storage facilities outnumber McDonald’s restaurants in the U.S. Today, we’re looking at one of the winners in this space…
Extra Space Storage (EXR) has become the second-largest provider of self-storage units in the country. It has 1,400 locations, comprising 103 million square feet of rentable space.
And business is booming… The company’s first-quarter net income increased more than 9% from the same period last year. And same-store revenue increased more than 5%.
The trend is up for the company’s stock, as well… Shares have climbed about 30% over the past year, recently hitting a fresh 52-week high.
As long as Americans are buying, moving, and hoarding possessions, big players in the self-storage space should continue to do well.
President Trump just went on record: the AI data center buildout sweeping America is unstoppable. Communities across the country have been pushing back - over rising electricity bills, strained water supplies, and projects landing next door to homes and schools. But the AI buildout isn't slowing down. In fact, Elon Musk's master plan - hidden inside SpaceX - avoids every obstacle. Analyst Rob Spivey says folks who understand what Elon is building - and why - could make a lot of money in the right stocks. Get the name and ticker of the No. 1 stock at the center of it FREE (not Tesla or SpaceX).
Source: Daily Wealth
