3 Industries That Are No-Brainer Buys Right Now
Put plainly, it's been a brutal past five weeks for Wall Street and investors. Through just this past weekend, the benchmark S&P 500 had lost 32% of its value in a stretch of just 22 sessions, while the Dow Jones Industrial Average dipped into bear market territory following only a 16-session swoon. In the span of a month, we've gone from prepping our hats to read "Dow 30,000" to wondering if Dow 15,000 is right around the corner.
While the selling tied to the uncertainty over COVID-19 has shown little signs of letting up, long-term investors have also been here before. Whether it was the financial crisis, the dot-com bubble, a war, an oil embargo, or hyperinflation, long-term investors know that the stock market eventually erases bear markets in their entirety. As long as you buy high-quality companies and give your investment theses the proper time to shine, you tend to come out a winner.
The question, of course, is where to put your money when seemingly every sector and industry is getting clobbered. Right now, I view three industries as no-brainer buys, even with the full economic effect of the coronavirus still unknown.
Source Fool.com