2 Stocks to Buy in a Coronavirus-Induced Recession
The spread of the novel coronavirus across the globe has brought economic activity to its knees. The COVID-19 disease has infected more than 460,000 people globally as of March 25 and resulted in nearly 21,000 fatalities.
With people being advised to stay at home, several businesses are taking a hit. According to economists at Goldman Sachs and Morgan Stanley, a global recession may have already begun. So it won't be surprising to see the stock market continue to fall further. In such a scenario, investors may lose confidence and keep selling out of panic.
But there are still stocks out there that are worth holding onto or perhaps adding to your portfolio during these trying times -- Netflix (NASDAQ: NFLX) and Chewy (NYSE: CHWY). Both stocks have held their ground this year while the broader market has tanked, and a closer look at their businesses should offer some clues as to why that has been the case.
Source Fool.com
