3 Stocks to Buy as Cities Reopen
Cities in the U.S. and around the world are beginning to reopen after lockdowns due to the COVID-19 pandemic. For investors, it could be an opportune time to start buying up stocks of companies whose products or services could see an increase in demand as that happens. Below are three stocks that look to be good buys before the economy gets back to operating at full capacity:
Quest Diagnostics (NYSE: DGX) could play a pivotal role in keeping people safe as they head back to work and start resuming their regular day-to-day lives. On May 27, the U.S. Food and Drug Administration (FDA) gave Quest emergency use authorization for its coronavirus test, which will make it possible for people to collect samples at home.
Using the self-collection kit, people can send their samples to labs to be tested for the coronavirus. Increasing the frequency of testing is going to be paramount to ensuring that people are safe and free of COVID-19. Allowing the collection of samples at home is a big step toward minimizing the risk that people who have the virus could infect others, because travel to a medical clinic or a hospital is not required. By the end of June, Quest expects to have over 500,000 kits available.
Source Fool.com
