3 Stocks With the Financial Strength to Survive This Pandemic
In the span of a month, COVID-19 went from an existential health scare to having a very real and likely very deep effect on the global economy. It's in times like this that Warren Buffett's pithy saying comes true: "Only when the tide goes out do you discover who has been swimming naked." With the overall global economic tide that has been rising for more than a decade now in retreat, there are indeed many businesses that have been caught swimming naked -- with soaring debt, dwindling cash balances, and little growth during the good times to show for it.
However, in the market turmoil that has erupted, quality companies that have been exercising discipline and were all set to thrive beyond the coronavirus crisis are also getting bludgeoned. Buying shares of said companies now will sow the seeds for future returns. Three stocks that fit the bill are Facebook (NASDAQ: FB), NVIDIA (NASDAQ: NVDA), and Skechers (NYSE: SKX).
Image source: Getty Images.
Source Fool.com
