This 5G Stock Should Be on Your Radar Despite Near-Term Challenges

The novel coronavirus pandemic has sent the stock market packing in 2020 as Wall Street braces for a severe economic fallout on account of the lockdowns imposed by several countries across the globe. But one firm believes that the worst may be behind us already.

According to London-based economic research consultancy Capital Economics, Wall Street may have already priced in a substantial portion of the bad news arising from the COVID-19 outbreak. The firm believes that the coronavirus-induced recession will be short-lived, and the turnaround will be quick.

However, investors shouldn't expect a turnaround right away as things could get worse before they get better. Also, it is difficult to say with certainty as to when the market will start recovering in a sustainable manner. Despite those uncertainties, now may be a good time to add potential growth stocks to the watchlist that have the potential to take off once things return to normal.

Source Fool.com