2 Healthcare Stocks to Buy in the Coronavirus Bear Market
The COVID-19 pandemic -- which keeps worsening by the day -- also continues to hurt the stock market. Year to date, the S&P 500 is down by more than 28% (as of this writing), after climbing by nearly 29% last year. In response to the economic threat posed by the rapid spread of the SARS-CoV-2 virus, which causes COVID-19, the Federal Open Market Committee (FOMC) recently cut the federal funds rate by 100 basis points to a target of 0%-0.25%.
The effects of this measure remain to be seen, but even if the economy plunges into a recession, many businesses will have the fortitude -- and reserves -- to survive it and continue thriving afterward. Investors focused on the long term should still look for quality stocks to buy, even in this challenging environment. In fact, two healthcare stocks I think are great buys at the moment are Teladoc Health (NYSE: TDOC) and Intuitive Surgical (NASDAQ: ISRG); here's why.
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Source Fool.com
