These 3 Stocks May Rip Higher When the Coronavirus Outbreak Starts to Improve
Every investor's dream is to take advantage of a market crash by snapping up a handful of stocks at bargain prices. While no one knows the short-term path of the market or individual stock prices, it is possible to identify stocks that should begin to soar whenever the market begins to price in a future economic recovery.
The Madison Square Garden Company (NYSE:MSG) owns the New York Knicks NBA franchise, the New York Rangers NHL franchise, as well as the Madison Square Garden arena, and several other valuable assets.
This business is facing almost every headwind imaginable right now. Not only have the Knicks not had a winning record since the 2012-2013 NBA season, but the rest of the NBA season has been suspended due to coronavirus. The NHL season has been on pause since earlier this month and could be canceled at this rate. And the company's many live event venues are temporarily closed as well. That's a lot of lost revenue and profit.
Source Fool.com
