Fearing a Second Coronavirus Wave? Buy This Growth Stock
Fears of a second wave of COVID-19 in the U.S. and doubts about a potential economic recovery led to a huge correction in the major indices on June 11.
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite fell big time. Volatility spiked as a surge in hospitalizations in 12 states has given Wall Street fresh cause for concern. A second wave of novel coronavirus infections could lead to a halt in economic activity once again and may result in a rerun of the huge stock market correction we saw in March.
Amid this looming uncertainty of a second wave, there are a few companies worth looking at right now as COVID-19 has turned out to be a tailwind for their businesses. Chewy (NYSE: CHWY) is one such stock that has delivered terrific gains this year, beating the broader market handsomely.
Source Fool.com
