There’s no doubt that the Coronavirus is a huge threat to the global economy and the profitability of the majority of the companies out there. But as the first wave of the coronavirus is almost done, we can conclude that some companies were not affected by the worst pandemic since 1918, and perhaps are able to take advantage of the COVID-19. Some companies experience increased demand for their products and services because or in spite of the crisis.
As of May 2020, here are five stocks that trade at the same levels (and even higher) before the coronavirus has started. We appreciate it if you comment some suggestions also.
What’s up with Tesla? Someone knows something. Seriously, Tesla’s stock uptrend in the past months is quite impressive. There are two major things to consider in regard to Tesla: First, Tesla is one of the first companies to use data for self-driving cars since it started releasing electric cars. Every Tesla car has been capturing data about how the vehicles are used from the beginning. That includes mileage, speed, every location, and time at which the car gets charged, and more. As a result, the company has a huge database that worth… who knows how to price these things???
The second thing – Tesla’s electric battery. By far the best battery in the market. Tesla top up the list of electric vehicles with the best battery: The Tesla Model S (335 miles), Tesla Model 3 (310 miles), and Tesla Model X (295 miles).
In 2019, Elon Musk promised that tesla may soon have a battery that can last a million miles.
These are just some of the reasons as to why Tesla’s stock continues rising.
Tesla (TSLA) Technical Analysis
Tesla Stock Chart
Abbott Laboratories is another stock to consider buying right now. Generally, Abbott is kind of a blue-chip stock, mostly held by institutional investors and those who are looking for low risk. This company was founded in 1888 and is one of the leading pharmaceutical companies in the world. So, you might wonder why now?
Simply because it has released three coronavirus tests that can identify if a patient has ever infected in the virus. At the time of writing, it is not yet clear how accurate Abbott’s coronavirus tests, and there are speculations that the test missed some infected patients. Nevertheless, Abbott is at the forefront of finding a medical solution to slow down the virus.
Abbott Laboratories Technical Analysis
Abbott Labs Chart
Teva Pharmaceutical Industries Ltd
Not a lot of people know Teva, an American Israeli pharmaceutical company that is currently at historically low levels. Some investors appreciate these types of opportunities – relatively low risk and high potential profit.
When it comes to fundamentals – The stock holds a Price/Earnings (P/E) ratio of 4.63, while its industry has an average P/E of 9.10. Furthermore, Teva has recently released Q1 2020 earnings report, beating analyst expectations.
Technically, it seems like Teva stock has a found a bottom, and therefore, if you decide to invest in Teva, simply set up a stop-loss at $4.43 and hope for the best.
Teva Technical Analysis
Teladoc Health Inc
Teladoc is a leading company in telehealth services, a field that is expected to grow during and after the coronavirus pandemic. in simple terms, Teladoc services enable patients to virtually visit their healthcare providers.
The stock has more than doubled (up 112%) since the beginning of the year and some forecast that Teladoc can reach $200 by the end of the year.
Teladoc has recently announced that it aims to raise $800 million with convertible notes issue.
Teladoc Health Inc Technical Analysis
Teladoc (TDOC) Chart
Freelance Platform Stocks – Fiverr International Ltd and Upwork
Two for one. What about Fiverr and Upwork? If you are not familiar with these two companies, Fiverr and Upwork are the two largest freelance marketplaces in the world with a market cap of 1.758B and 1.602B respectively.
Yes, it’s not Netflix, Amazon, or Google but looking forward, don’t you think the coronavirus was another trigger for the growth of the freelance market?
Fiverr Technical Analysis
Upwork Technical Analysis
The majority of companies are going to take a hit as a result of the growing spread of the coronavirus. Health companies are currently attracting a lot of attention as the world anticipates an answer to the worst pandemic since 1918.
But where one sees failure, others see opportunity. An economic recession is a terrible thing and one of the major flaws of the capitalistic system. But for an investor or a trader, a recession is actually an opportunity.