2 High-Quality Stocks to Buy on the Cheap
The novel coronavirus outbreak led to a massive stock market correction in 2020, as evident from the 12.5% drop in the S&P 500 so far this year. Though the market has rallied over the past few weeks (it was down as much as 30.7%), some top-quality tech stocks continue to remain cheap thanks to the correction.
Microsoft (NASDAQ: MSFT) and Fortinet (NASDAQ: FTNT) are two companies that have beaten the broader market this year thanks to the utility of the products and services they provide. Yet their stock continues to trade at attractive levels despite rallying of late.
Microsoft's cloud services and Fortinet's cybersecurity offerings may continue to remain in demand despite the economic fallout of the COVID-19 outbreak. What's more, both companies look well-positioned to weather the economic crisis COVID-19 may bring. Let's take a closer look at the reasons why it may be a good idea to go long on Microsoft and Fortinet.
Source Fool.com
