The Humanization of Pets Has Changed the Industry -- Here's the Best Stock Pick
People love their pets.
The love pet owners share for their small companions goes beyond just sharing photos on Facebook (FB) - Get Report of the latest trick Fido learned. They tend to spend big, and often. Pet industry spending for 2016 came in at a record high $66.75 billion, up 10.7% from the prior year, according to the American Pet Products Association.
As a result, says TheStreet's Jim Cramer, the humanization of pets is an up and coming investment opportunity.
At TheStreet's Financial Success Strategies teach in on Oct. 28, Cramer said the best stock pick in the growing field of intense pet care is Idexx Laboratories Inc. (IDXX) - Get Report .
Facebook is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer and the AAP team buy or sell FB? Learn more now.
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