Hey. Pssst. Over here.
We've got a great stock tip for you. It may not seem obvious—but those are the best stock tips, right? And this one comes straight from the hallowed halls of Morgan Stanley, the behemoth financial services firm.
Ready? Here it is: If you want to get in on the ground floor of the driverless car revolution, you should invest now—in chicken wings. Or pizza. Pizza's pretty good, too.
That's right, friends. Morgan Stanley has released its 30 stock tips for clients who want to capitalise on the next, great thing: the self-driving car. In a report called "The Shared Autonomous 30," the investment advisory company said that it's kind of too early to figure out which player in the field will be the one that corners the market on the driverless cars themselves. So customers are being advised to invest in ancillary businesses—you know, businesses that will benefit once driverless cars are all over the highways of America and beyond. Morgan Stanley calls these "second-derivative autonomous driving plays."
Think about it: Once we are all being shuttled around by our driverless cars, what will we do with all the newfound time on our hands? Eat and drink, of course. That's why investing in Buffalo Wild Wings and Constellation Brands is the thing to do, says Morgan Stanley. Hey, there will be no problems with sticky fingers and rising blood alcohol levels if your hands don't ever have to touch the wheel.
Adam Jonas, an automotive analyst from Morgan Stanley, explained, "If you never had to drive again, how much more would you drink? It's all about the adjacencies. If you invest in that, you're less likely to be buying an over-hyped situation."
Another investment tip? Domino's Pizza. That's because lower delivery costs—due to the lack of necessity of a human delivery dude—will be a pretty boon to the corporations dominating the pizza delivery biz.
Barclays analyst Dan Levy said, "There's no clear way to tell who is going to be the winner right now for something we're not going to have full clarity on for a long period of time." Mark Wakefield, managing director and head of the automotive practice at consultant AlixPartners LLP, agrees: "When a new thing comes in, it's pretty difficult up front to predict who is going to be the winner."
But a person being driven around in a driverless car has to have a little nosh, right? It always comes down to food. You can thank us later for the hot stock tip.