The Panic-Proof Portfolio (Stockchase Research) Shift Technologies, Inc. SFT-Q TOP PICK Dec 15, 2020

Stockchase Research Editor: Michael O'Reilly SFT provides an online platform for consumers to buy and sell new and used cars. The pandemic has led to disruptive alternatives to traditional dealerships. The company is unique in that it owns all the vehicles, handles trade-ins, and certifies and repairs cars as needed. They can expedite the entire purchase process in under two hours. The company was not profitable in the last quarter, but revenues and sales are rising by over 30% annually. Gross profit per unit sold is over $1200, a positive signal towards profitability. We would purchase this with a stop-loss at $6.50, looking to achieve $15.00 -- over 75% upside. Yield 0% (Analysts’ price target is $15.00)