1 Dividend-Paying Cable Company to Buy Amid the Coronavirus Selloff
Obviously, travel, transport, bank, and oil stocks are getting hammered in this current market sell-off. However, there are also several high-quality stocks in other sectors that are likely to benefit from both the "stay-at-home" economy, low oil prices, and low interest rates -- though those stocks have seen their stocks hit too.
This is especially true for the telecom and cable stocks. Telecoms are perfect for this environment. As more and more people stay home, the more they should use high-speed broadband and premium video services. Meanwhile, a crash in oil prices is a natural price cut, which could mean that the consumer will perhaps either stay in the cable bundle, or buy more OTT streaming video services.
Finally, the recent interest rate cut from the Federal Reserve -- with perhaps another one coming -- should benefit not only telecoms' customers but also the cable companies' balance sheets, since many have rather high debt levels compared to other sectors.
Source Fool.com
