COVID Cases Are Climbing and Stocks Are Falling: Why It's an Opportunity to Buy These 2 Reopening Stocks
Investors are jittery about the progress of economic reopenings as coronavirus infections surge worldwide due to the highly contagious Delta variant. That said, a resulting stock market sell-off could also provide buying opportunities to discerning investors; buying stock in solid businesses at attractive prices.
To put things in perspective, at the current pace of vaccination -- averaging around 31.5 million doses globally administered daily -- it'd take about eight months to vaccinate 75% of the world's population, a level that has been estimated to bring herd immunity. Therefore, an extended period of stock market sell-off should not be discounted, and if that happens, these two stocks whose businesses are squarely tied to reopening economies could see depressed prices in the short term creating attractive entry points.
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Source Fool.com
