3 Stocks Immune to the Coronavirus
Let's get one thing straight: No stock is immune to volatility when the market mood turns sour. When investors are reacting strongly to the latest headlines and macroeconomic indicators, stocks tend to move together in the same direction. Sales of exchange-traded funds (ETFs) and mutual funds cause shares to be sold across the board, and emotions can dominate trading decisions.
Yet these situations can be opportunities for the long-term investor. The market is legitimately concerned about the impact of the COVID-19 pandemic, and some companies will be affected negatively by the economic fallout for months or even years. But other businesses may emerge relatively unscathed or even get a boost from evolving trends and demand.
Here are three businesses that are largely immune to disruption from COVID-19. Axon Enterprise (NASDAQ: AAXN) will be selling essential products and services to law enforcement agencies no matter how severe the pandemic gets, and e-commerce businesses such as MercadoLibre (NASDAQ: MELI) and pet food seller Chewy (NYSE: CHWY) should only get stronger as the transition to online shopping accelerates.
Source Fool.com
