Now Is the Time to Buy These 5 Brand-Name Stocks
The past four weeks have arguably been unlike anything Wall Street and Main Street have ever seen. Volatility has been through the roof, with the Dow Jones Industrial Average logging eight of its 10 largest single-day point declines, and four of its biggest single-day point gains (through Monday, March 16). These declines also included the second- and fifth-largest single-session percentage declines in the Dow's 123-year history.
At the heart of this investor unrest is the spread of coronavirus disease 2019 (COVID-19) and the uncertainty that mitigating measures to curb the proliferation of this illness might have on the U.S. and global economy. With a number of European nations on lockdown and more states pushing for restaurant closures, there's little doubt at this point that the economic toll to limit the spread of coronavirus is going to be enormous.
However, periods of panic throughout history have always been open-door opportunities for investors to pick up high-quality, brand-name companies on the cheap. With valuations now significantly depressed from where they were roughly a month ago, now is the time to buy the following five brand-name stocks.
Source Fool.com
