BAML: These 7 stocks will be big winners in the sharing economy (GOOGL, FB, AMZN, EBAY, EXPE, BOX)

pulse

June 16, 2017 11:24 AM

Have you used Uber, eBay, Facebook or AirBnB? Then you are officially part of the sharing economy.

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Have you ever used Uber, Ebay, Facebook or AirBnB? Then you are officially part of the sharing economy.

The unofficial "economy" encompasses the ideas behind open-source software and peer-to-peer sharing.

Companies like Uber let you connect with other users in order to find a ride without talking to a big taxi company. AirBnb lets you connect with people offering rooms for rent, without having to go through a hotel.

The sharing economy is all about decentralizing the platforms where consumers communicate and exchange goods, which hopefully makes using available assets more efficient. You are no longer paying rent on your empty apartment when you go on vacation because you can use AirBnB to have someone else rent your room.

Currently, the sharing economy is worth about $250 billion and growing fast. However, Bank of America Merrill Lynch thinks it will eventually be worth $2 trillion.

The companies that can get into this new economy early have the best chance to grow quickly, and BAML laid out those that it thinks are the best positioned to skyrocket along with the sharing economy.

Read below to find out which companies made the list:

Amazon (AMZN)

Sector: Platforms

Current Price: $960.00

Year-to-date growth: 27.74%

Other companies in the space:Alibaba

Box (BOX)

Sector: Cloud services and equipment

Current Price: $18.34

Year-to-date growth: 31.09%

Other companies in the space:IAC, Intuit

Facebook (FB)