2 Stocks to Buy Ahead of The Next Market Crash
To say that the stock market has come back from its March lows with a vengeance would be a massive understatement. As of July 28, the S&P 500 was flat for the year and was 47% higher than where it bottomed out in late March -- a remarkable rebound in just a few months.
However, that's not to say we're out of the woods just yet. The COVID-19 pandemic is still progressing at alarming levels, and things could get worse before they get better. Just to name a few hypothetical scenarios, state governments in hard-hit areas could choose to shut down their economies to slow the spread of the virus and unemployment could remain in the double digits well into 2021. Economic activity has largely been fueled by government support, and Congress could have trouble agreeing on any further stimulus. And the market is assuming a vaccine will be ready to go by the end of 2020 or early next year -- while this certainly looks likely, it's not a given.
The point is that the market could certainly crash again before the pandemic is over. And two stocks to own if it does are Walt Disney (NYSE: DIS) and Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). Here's why these businesses are well positioned to make it through any tough times and are also set to thrive if the economy recovers quickly.
Source Fool.com