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Barron's: 17 Stocks to Buy Amid the Coronavirus Carnage

Barron's: 17 Stocks to Buy Amid the Coronavirus Carnage
(Diamant24-stocks/Dreamstime)

By    |   Monday, 16 March 2020 08:34 AM

Savvy investors with a strong stomach reportedly can scoop up bargins in the coronavirus-fueled stock-market carnage if they know where to look.

Most members of the Barron’s Roundtable say they’re snapping up names they never thought they’d be able to buy so cheaply, along with more shares of companies like Walt Disney (DIS) that they already own and love.

“That’s not to say that any of our seers has an especially sanguine view of the economic outlook, as the U.S. braces for what will almost surely be a larger health crisis and a reordering of public life. Most think a recession is a near certainty as both the manufacturing and service sectors retrench, although the duration and severity of a downturn are unsure,” Barron’s explained.

As for the stock market’s future trajectory, as Roundtable member Henry Ellenbogen of Durable Capital Partners puts it, “If anyone tells you they know where the market will bottom, stop listening.”

Roundtable experts’ stock picks, with some picking the same company (Merk):

Scott Black's Picks

Company / Ticker Recent Price

  • Oracle / ORCL $44.40
  • United Parcel Service / UPS 88.85
  • Merck / MRK 72.96
  • Novartis / NVS 75.00

Todd Ahlsten's Picks

  • Applied Materials / AMAT $45.89
  • Becton Dickinson / BDX 216.60

Meryl Witmer's Picks

  • Charles Schwab / SCHW $30.74
  • Phillips 66 / PSX 47.86
  • Ingevity / NGVT 34.93

William Priest's Picks

  • UnitedHealth Group / UNH $246.09
  • Merck / MRK 72.96
  • Amgen / AMGN 190.25
  • CME Group / CME 168.02

Henry Ellenbogen's Picks

  • Quaker Chemical / KWR $130.45
  • West Pharmaceutical Services / WST 137.23

James Anderson's Picks

  • Illumina / ILMN $214.38

Mario Gabelli's Picks

  • Herc Holdings / HRI $21.19
  • Crane / CR 51.43

Meanwhile, the U.S. economy will contract sharply in late March and April as consumers and businesses slash spending, with the short downturn likely be officially deemed as being a recession, according to Goldman Sachs Group Inc., Bloomberg said.

The world’s largest economy will shrink 5% in the second quarter after zero gross domestic product growth in the first three months of the year, the firm’s economists wrote in a note Sunday. They cut their full-year forecast to 0.4% growth from 1.2% on expectations for growth of 3% and 4% in the third and fourth quarters and strong gains in early 2021.

“The uncertainty around all of these numbers is much greater than normal,” the Goldman economists wrote. Consumers and businesses will continue to cut travel, entertainment, and restaurant spending, while supply chain disruptions and tightening in financial conditions will further dent growth, they said.

Goldman’s projections followed U.S. Treasury Secretary Steven Mnuchin saying earlier Sunday that the coronavirus pandemic probably won’t tip the U.S. into recession, and came before the Federal Reserve cut rates to near zero.

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Savvy investors with a strong stomach reportedly can scoop up bargins in the coronavirus-fueled stock-market carnage if they know where to look.
stocks, buy, coronavirus, investors
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2020-34-16
Monday, 16 March 2020 08:34 AM
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