Three Stocks To Buy During the Coronavirus Pandemic

Three stocks to buy during the coronavirus pandemic

While much of the stock market is in disarray, you should not let that hold you back from investing overall. There are still many companies that are poised to do well during the coronavirus, and they will do even better when the economy opens back up

One of the sad realities that the coronavirus has accelerated is that the big business are becoming bigger and bigger, and small businesses are finding it harder to survive and grow.

While the morality of this situation is another conversation to be had, you can still benefit from using this reality to benefit your stock portfolio.

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What Kind of Stocks Should You Seek Out During the Coronavirus?

One of the most important investment factors during this time period is the balance sheet of the company you are considering. Things like debt rating, cash flow, and cash on hand are what you should be looking at.

I also tend to lean towards tech stocks in general, and that has only been amplified during the coronavirus. A lot of sectors within tech have actually seen increased demand during the pandemic.

Three Stocks to Buy During the Coronavirus

Here are the three stocks I believe you can safely buy during the coronavirus pandemic and hold through to when our economy gets back on track. 

Microsoft (MSFT)

Microsoft has arguably the best balance sheet of any company. Not only does it hold the coveted triple A rating on its debt, but Microsoft also had $134 billion in cash and investments at the end of 2019. 

Microsoft also has an impressive $50 billion in annual cash flow, and a wide line of technology and software products keeping it safe from competition.

The company also has the second largest cloud business segment, falling only behind Amazon Web Services. Microsoft has stated in a report that it saw a 775% percent increase in use of its cloud platform in regions that have implemented social distancing measures.

Microsoft also pointed to a significant increase in use of its teams platform, which is a work collaboration software similar to the likes of Slack. 

Johnson & Johnson (JNJ)

Johnson & Johnson is the only other company to hold a triple A debt rating similar to that of Microsoft. Towards the end of 2019, Johnson & Johnson had $14 billion cash on hand. 

The company also just reported their first quarter earnings this week, where they beat EPS expectations by $0.31. Johnson & Johnson also increased their dividend from $0.96 per share to $1.01 per share, which is encouraging as it gives investors a slightly better cushion on the downside.

You also get the possibility of Johnson & Johnson creating a successful vaccine, as it seems that they are leading the race currently. While it is certainly only a possibility, the company is doing well regardless, and if we receive positive news on the vaccine front the stock will do even better.

Alphabet (GOOGL)

Google parent company Alphabet also has an amazing balance sheet. At the end of 2019, they had more than $109 billion in cash. In any kind of cash crunch, Alphabet will be perfectly fine.

With increased use of technology, Alphabet’s business arms are going to do just fine. Not to mention, Google also has a strong performing cloud business that will benefit from the same surge that Microsoft and the rest of the cloud companies are seeing.



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