The Internal Revenue Service has already released the third $1,400 stimulus check to around 90 million eligible Americans by direct deposit, and to an additional 150,000 Americans by mail. Many people who were affected by the COVID-19 pandemic will be using the money for their daily necessities and to pay bills.
However, many Americans -- especially those who don't need the money for day-to-day expenses and already have some contingency funds -- are investing this stimulus in the stock market. It's a smart move that can prove to be especially rewarding if you pick up fundamentally strong stocks. If you are a stimulus recipient and can invest this $1,400 for your future, then Jumia Technologies (NYSE: JMIA) , FinVolution Group (NYSE: FINV) , and ShockWave Medical (NASDAQ: SWAV) could be the right stock picks for you.
Image source: Getty Images.
For further details see:
These 3 Disruptive Stocks Could Easily Double Your $1,400 Stimulus Check