Here's My Single Best Investment Idea for June
Over the past couple of months, investors have been taken on the wildest roller-coaster ride in the stock market's history. The coronavirus disease 2019 (COVID-19) pandemic has created uncertainty and labor market disruption on a scale that's never been seen in the modern era. As a result, the benchmark S&P 500 lost as much as 34% of its value in a stretch of just 33 calendar days.
But if we've learned anything as investors, it's that there's often opportunity to be had amid panic selling. Even though the stock market has rebounded substantially from its March 23 lows, many great companies are still well off their highs, and therefore could be ripe for the picking. But if I had to choose just one company as my single best investment idea for June, it would be biotech stock Intercept Pharmaceuticals (NASDAQ: ICPT).
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Source Fool.com
