3 Stocks to Buy With Your $1,200 Stimulus Check That Are No Joke

Later this month, most Americans are set to receive direct deposits of up to $1,200 per adult, plus $500 for each child age 16 and under, as the federal government tries to jump-start an economy that has been stricken by the COVID-19 pandemic.

Some people desperately need this cash to make up for lost income. However, for those whose jobs were not disrupted by stay-at-home orders and who have good financial cushions already, these $1,200 stimulus payments are coming at a great time to invest in beaten-down stocks.

If you can spare the cash, TJX Companies (NYSE: TJX), Starbucks (NASDAQ: SBUX), and Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) are three high-quality companies trading at discounts. All three stocks have fallen by about 20%-25% since the market peaked in mid-February. However, all three are well positioned to bounce back in the years ahead.

Source Fool.com