3 Stocks to Buy During the Coronavirus Pandemic
The coronavirus pandemic is sending many stocks into the gutter. But that doesn't mean that every stock is a bad buy right now. Investors need to adapt to a different consumer lifestyle, especially as many governments have forced non-essential businesses to shut down.
The three stocks below are going to continue to see demand for their products and services even as the pandemic continues, and now could be a good time to buy them.
Canopy Growth (NYSE: CGC) consumers depend on cannabis in their day-to-day lives, either for medical use or to relieve stress during a very tumultuous time. There may be a drop in demand, especially in recreational pot, which is less crucial for users than medical marijuana, but the company will still be able to sell its products. The Canadian government has classified cannabis as essential during the pandemic, as have many provinces, including Quebec, British Columbia, and Alberta -- four of the largest and most critical to the industry's growth. That means that pot shops can remain open, allowing consumers to continue purchasing cannabis during the pandemic.
Source Fool.com
