“This Stock Could Be Like Buying Amazon in 1997” Royston Wild | Saturday, 14th March, 2020 | More on: FERG I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Dip buyers! I think this dirt-cheap FTSE 100 stock could surge next week Enter Your Email Address A week, just like in politics, is a long time in financial markets. This is particularly the case today as the coronavirus crisis keeps traders and investors glued to their screens for all the latest news on infection rates, government action, and comments from big business on the pandemic.It’s anyone’s guess as to what market sentiment will be like when Ferguson (LSE: FERG) comes to update shareholders next week. The plumbing specialist is slated to release half-year financials on 17 March.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Still, unless there’s another washout in investor confidence I reckon this is a share that could gain serious traction on the back of the release.Building a head of steamThe recent share price descent at Ferguson – one which saw the FTSE 100 plumb its cheapest in nine months – leaves it trading on a low forward price-to-earnings (P/E) multiple of 14.3 times. Given that this upcoming release is likely to underline the strength of its core North American markets, it’s a reading that leaves plenty of scope for a meaty share price rise.Most recent data from the Commerce Department underlined the strength of Ferguson’s underlying markets. These showed US housing starts in January breach 1m for the second month in a row. This came in at a seasonally adjusted 1.57m. On top of this, officials upgraded their figures for December to 1.63m from 1.61m previously.This wasn’t the main standout figure from that latest release, however. Oh no. Instead, it was news that building permits in the US rang in at 987,000 last month that grabbed the headlines. This was the biggest number since the summer of 2007.A brilliant buyIs it likely that share pickers will be that bothered by the release, though? Or should I say, will the market be more bothered by the prospect of the coronavirus outbreak derailing the strong homes market and with it Ferguson’s profits outlook for the rest of 2020?Obviously investors need to bear in mind the huge disruption that the COVID-19 tragedy will cause to the entire North American economy. Though having said that, it’s possible that recent Federal Reserve action to limit the economic impact will serve directly to support the US housing market.The Fed last week hacked back its benchmark rate to 1% to 1.25% in an emergency ruling on 3 March. In the following hours mortgage rates fell to multi-decade lows (according to Freddie Mac, the average rate on a 30-year fixed-rate mortgage dropped to 3.29%, the lowest since the lender began collating such data half a century ago).It’s more than likely that rates will fall even more when the central bank next convenes in midweek.I remain convinced that Ferguson remains a top share for long-term investors to buy. The massive homes shortage in the US means that building rates will have to remain strong. And so demand for the Footsie firm’s fittings should keep growing, too. I’d happily buy this share in an ISA or similar product today. Simply click below to discover how you can take advantage of this. See all posts by Royston Wild Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.