Coronavirus Crash: Where to Invest $2,773.48 Right Now
There's a saying in the investment world that in a bear market, all stocks go to a correlation of one. That basically means that in times of market panic, investors sell everything, almost regardless of business quality or resilience. It's not that everything goes down by the same amount, but very rarely will great stocks go up when the market is plummeting like it has been.
That's why investors looking to be greedy when others are fearful may want to consider Amazon.com (NASDAQ: AMZN) at 1,689.15 per share, and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) at $1,084.33 per share at this moment of discounted market prices. Those companies' share prices are down 22.7% and 29.2%, respectively, from their recent all-time highs. Yet both companies' resilience and long-term outlooks remain as bright as ever.
Amazon and Alphabet look like ideal buys right now. Image source: Getty Images.
Source Fool.com
