3 Stocks to Buy if You Think the Coronavirus Will Get Worse

There is no guarantee the coronavirus pandemic will reach a timely conclusion. In fact, the scientific community is adamant the pandemic will worsen this fall and winter as a second wave of the virus rears its ugly head across the globe…

The only silver lining to a worsening of the coronavirus pandemic is it may present investment opportunities for creative money managers. Perform your due diligence now, and you will have a strategic game plan ready to implement, should the pandemic worsen.

Let’s take a look at a few stocks that may increase in value in the event of the pandemic stretching through the fall, winter, and spring: Amazon (AMZN), Shopify (SHOP), and Kroger Company (KR).

Amazon (AMZN)

Use your mind’s eye to envision how people will react should the number of positive coronavirus tests and virus-related deaths increase. People will return to quarantine, choosing to shop from the comfort of home rather than risk exposure to the virus while out and about. AMZN would be the primary beneficiary in such a situation.

The only way AMZN might decline should the pandemic worsen is if the virus washes through its warehouses, rendering staffers unable to work. However, AMZN has taken precautionary steps to minimize social interactions between employees while working at AMZN fulfillment centers.

The POWR Ratings reveal AMZN is nearly flawless, highlighted by “A” grades in each POWR component, except “B” for Buy & Hold Grade. AMZN is ranked first of nearly 60 stocks in the Internet industry.

Though AMZN is currently priced around $3,100, the analysts have set a price target of $3,725.59. If AMZN reaches this level, it will have increased in value by more than 20%. AMZN recently dipped from $3,531.

Shopify (SHOP)

Merchants of every type and size are turning to the web to establish an online presence. This phenomenon will prove even stronger if the pandemic worsens. SHOP facilitates the establishment of web-based storefronts, payments, fulfillment, shipping, and more. If you believe the pandemic will not be resolved by the end of the year or sooner, SHOP belongs in your portfolio.

SHOP’s POWR Ratings are highlighted by a grade of “B” for Trade Grade. SHOP is ranked 13th out of more than 30 stocks in the Internet – Services industry. Analysts are bullish on SHOP, setting a price target of $1,111.19, which is 20% higher than its price. SHOP also dipped from its yearly high in recent weeks, falling from $1,134.32 to $931.83.

All in all, SHOP’s revenue is up nearly… 

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