Coronavirus Market Crash: Where to Invest $5,000 Right Now

With the S&P 500 down 28.4% in the past month, it's fair to say the novel coronavirus pandemic has not started us out on the right path for 2020. Still, not all is hopeless.

For those with some extra capital lying around, there are some plays to be made. I like a small bank that has just gone on sale called CNB Financial (NASDAQ: CCNE), the quarantine-friendly nature of social media stock Facebook (NASDAQ: FB), and the king of warehouse retailers Costco Wholesale (NASDAQ: COST). If I had $5,000 available right now to invest, it would be put toward buying some combination of these three stocks.

CNB Financial is a smaller bank that is creating some big growth. I took shares in the bank at $20 and around $17.43, and I am looking to increase that position at some point. The valuation here is what makes the bank such an appealing play. Growth has been stellar, and the current pullback has created a remarkable entry point for those with dry powder.

Continue reading

Source Fool.com