COVID spurned what some called the “Great Resignation”, however, that was not the only job force diminishing condition created by the pandemic; with Baby Boomers the second-largest living demographic aging into their golden years, the pandemic accelerated their exit from the workforce creating a “Great Retirement.”
In the third quarter of 2020, nearly 30 million Baby Boomers left the job market and retired, according to the Pew Research Center. With 75 million ‘boomers set to retire by 2030, several companies stand to benefit.
The first company to start researching is Wearable Health Solutions, Inc. (OTCMKTS: WHSI).
Wearable Health (OTCMKTS: WHSI) creates personal emergency response systems that are connected to the cloud and telehealth ready. The company is already modestly popular, however, the reason now is the time to research the company is its new 4G release slated for sometime in 2022. The company’s 8,000 end users, which earned the company record revenues ($1.3 million) in 2021, could grow rapidly with the release and considering the number of retirees set to hit the market WHSI’s potential market is growing.
In fact, MarketsAndMarkets projects this market will grow at a CAGR of 38.2% to reach $117 billion by 2025.
WHSI forecasts that its sales could reach $5.87 million in 2022. Which would quintuple its 2021 mark!
With the company set for an uplisting, it may not be at these prices much longer, as evidenced by the bullish momentum in the stock. Make sure to start your research today on WHSI.https://topnewsguide.com/wearable-health-solutions-inc-whsi-profile/
InnerScope Hearing Technologies (OTCMKTS: INND) is another medical technology penny stock that could benefit from the booming retirement demographic. INND manufactures and distributes FDA-registered hearing aids, hearing assistive devices, hearing health-related products, and Personal Sound Amplifier Products (PSAPs). The company’s products are available at Walmart, Riteaid, Amazon, and more. The company’s model is to offer affordable hearing aids helping it gain a sizeable share of the underserved market. The company presented at the Emerging Growth virtual conference last week.
BioLife Sciences Inc. (OTCMKTS: BLFE), could be another beneficiary, the company just launched its Copper Infused Gardening Gloves. These Copper Infused Gardening Gloves offer copper’s antimicrobial protection framed around the latest ergonomic research. The gloves are heavy-duty, high-quality gardening gloves infused with copper using MFusion Technology.
Mfusion is a process which infuses copper metal ions directly into every sub-bundle of the fabric by creating a molecular bond with the fabric. MFusion also leverages the natural antimicrobial benefits of copper ions, which have been shown to kill 99.99% of harmful bacteria and viruses.
BLFE has also filed a Form 1-A with the Securities and Exchange Commission (SEC) seeking to raise up to $20 million under a Tier I Regulation A+ offering. The filing is structured to raise up to $20 million through the sale of common stock at a price per share between $.05 and $.50. Currently, the stock trades just above 10 cents per share.
BABY BOOMER INVESTMENT HABITS
Baby Boomers’ top 3 stocks by investment are Apple, Tesla, and Amazon. However, that is not a departure from the other generations, where Baby Boomers differ is their holdings in AT&T, making them by far the largest holder of the communication provider.
OTHER STOCKS SET TO BENEFIT FROM THE “GREAT RETIREMENT”
Besides healthcare technologies, assisted living stocks could benefit from this boom in retirees. A few to start researching include Omega Healthcare Investors, Inc. (NYSE: OHI), HCP (NYSE: HCP), and National HealthCare (NYSE: NHC).
Start your research on WHSI now:https://topnewsguide.com/wearable-health-solutions-inc-whsi-profile/
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