Top 4 stocks to invest amid the coronavirus outbreak

Top 4 stocks to invest amid the coronavirus outbreak

2020-03-06 • Updated

Yes, coronavirus is indeed causing troubles to the global economy. More importantly, the media makes everything looking even worse. While chasing more views and sensations, the news sources create shocking headlines, resulting in panic among people. And while sheep avoid turning to an uncertain direction and making investments, real professionals consider these times as the road for more opportunities. Let’s consider some of them today.

Potential winners of the outbreak

The risks that the US will take more emergency measures have intensified this week after the 126 cases and 11 deaths confirmed. Thus, a quarantine does not look like a movie scenario now. Who would benefit from the situation when people stay in their homes and watch TV? The first thing which comes into our minds is Netflix.

On the daily chart of Netflix we can notice that despite the pressure on the stock market, the stock has been a good performer during the previous month. The price of the stock has not managed to overcome the $389.4 resistance but is still trading quite close to this level within an uptrend. An emergency situation will increase the number of subscribers and, therefore, will boost the profits of a company. Thus, such positive data will make Netflix stock an attractive investment.

NETFLIXDaily4444.png

Another potential winner out of the virus spreading globally may be Facebook. The stock of the company has been through tough times. Within several days it became very cheap and tested the support at $182.5. A stimulus by the Federal Reserve pushed the price of Facebook stock higher, but an asset is still trading below the 200-day SMA and the resistance at $196.4. Analysts see the weakness of this stock to be temporary, as the company may gain more users aiming to communicate while staying in quarantine.

FACEBOOKDaily.png

The dark horses of the stock market

Besides some obvious choices which we explained above, there are also stocks, which may not drag your attention at first. Here, we can mention AT&T – the US telecommunications company. The stock of a multinational conglomerate tested the lows of July 2019 last week but managed to restore its positions quickly by sticking above the 200-day SMA rising towards the $37.9 level. Launch of a new streaming video service called “AT&T TV” this week helps bulls to keep the positions. It’s noted that the new service would provide competition to Netflix and Amazon Prime.

ATTDaily.png

Another not-so-obvious choice is the stock of Disney. The coronavirus fears resulted in closing of all of the three theme parks in Asia. However, this dark swan made us forget the main reason for the Disney stock outperforming a few months ago. Of course, we are talking about the Disney+ platform. The service is about to start broadcasting in Western Europe on March 24. That could increase the number of followers greatly. By February 4, the service has registered nearly 4 million sign-ups from North America. Imagine now the figures after the European launching!

On the daily chart, the Disney stock has been moving to the support at $112.5. On the upside, the key level lies at $119.9.

DISNEYDailyfff.png

LOG IN

Similar

Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

 1
 93
 355
 213
 1684
 376
 244
 1264
 672
 1268
 54
 374
 297
 61
 43
 994
 1242
 973
 880
 1246
 375
 32
 501
 229
 1441
 975
 591
 387
 267
 55
 246
 673
 359
 226
 257
 855
 237
 1
 238
 1345
 236
 235
 56
 86
 61
 61
 57
 269
 242
 243
 682
 506
 225
 385
 53
 357
 420
 45
 253
 1767
 1809
 593
 20
 503
 240
 291
 372
 251
 500
 298
 679
 358
 33
 594
 689
 241
 220
 995
 49
 233
 350
 30
 299
 1473
 590
 1671
 502
 224
 245
 592
 509
 39
 504
 852
 36
 354
 91
 62
 98
 964
 353
 44
 972
 39
 1876
 81
 962
 7
 254
 686
 850
 82
 965
 996
 856
 371
 961
 266
 231
 218
 423
 370
 352
 853
 389
 261
 265
 60
 960
 223
 356
 692
 596
 222
 230
 262
 52
 691
 373
 377
 976
 382
 1664
 212
 258
 95
 264
 674
 977
 31
 599
 687
 64
 505
 227
 234
 683
 672
 1670
 47
 968
 92
 680
 970
 507
 675
 595
 51
 63
 64
 48
 351
 1787
 974
 262
 40
 7
 250
 590
 290
 1869
 1758
 590
 508
 1784
 685
 378
 239
 966
 221
 381
 248
 232
 65
 421
 386
 677
 252
 27
 500
 34
 94
 249
 597
 268
 46
 41
 963
 886
 992
 255
 66
 670
 228
 690
 676
 1868
 216
 90
 993
 1649
 688
 256
 380
 971
 44
 1
 1
 598
 998
 678
 58
 84
 1284
 1
 681
 2
 967
 260
 263
00:00
00:00
00:00
01:00
02:00
03:00
04:00
05:00
06:00
07:00
08:00
09:00
10:00
11:00
12:00
13:00
14:00
15:00
16:00
17:00
18:00
19:00
20:00
21:00
22:00
23:00
23:00
23:00
00:00
01:00
02:00
03:00
04:00
05:00
06:00
07:00
08:00
09:00
10:00
11:00
12:00
13:00
14:00
15:00
16:00
17:00
18:00
19:00
20:00
21:00
22:00
23:00

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera