Have $1,000? This Is the Best Coronavirus Stock to Buy in October
Testing is a major part of conquering the coronavirus crisis. If governments test as many people as possible, those who are sick or carry the virus can self-quarantine, which prevents further spread of the virus. So, investing in a company that already has not one -- but six -- coronavirus tests on the market is a good idea.
In only a few months, Abbott Laboratories (NYSE: ABT) has become a major player in the testing field. The U.S. Food and Drug Administration (FDA) has granted each of Abbott's tests emergency use authorization (EUA). If you have $1,000 to invest and are looking for a coronavirus stock to buy in October, Abbott makes a great candidate. The company has started to generate revenue from its COVID-19 tests. And that should continue as the U.S. tries to contain the virus in the months to come.
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Source Fool.com
