COVID-19 virus has turned out to be a serious threat to the entire earth. While the researches are working on finding the antidote for the virus, the economy of several countries has collapsed. The stock market has gone all the way down and investors are facing major financial loss.
More than 158 million Americans are under complete lockdown to break the chain of the virus unless the cure is found. This has seriously affected the businesses and investors who have lost their hard-earned money due to the current situation.
While staying in lockdown, you must be spending a part of your cash on live betting and investing in cryptocurrencies, but if you are keen on generating healthy profits in the future, you should definitely take advantage of the current scenario of the market.
This is definitely the right time to invest in stocks if you are serious about making huge profits in the coming future. We are listing down the stocks that you can consider to invest in and make this lockdown fruitful.
1. Vertex Pharmaceuticals (NASDAQ: VRTX)
Due to the coronavirus outbreak, biotech companies won’t be facing many issues. Vertex, which sells cystic fibrosis drugs, and the patient who consume CF drugs won't stop taking their medications during the COVID-19 outbreak, right?
Vertex’s revenue may increase this year even after the outbreak as the company managed to retain the CF drug deals in many countries in the previous months and there are chances that Vertex might win the European approval for Trikafta which is its latest triple-regimen for 90 percent of the patients suffering from cystic fibrosis. The treatment generated $410 million in revenue for the company.
Furthermore, the company stays upfront in the IBD’S industry group consisting of 600 biotech companies with a commendable composite rate of 99. This helps VRTX stock to top 1% of all stocks keeping aside the industry group.
2. The Trade Desk (NASDAQ: TTD)
The trade Desk had the hardest hit due to the coronavirus outbreak and had fallen steeply by more than 40 percent over the last few weeks. But the company will surely see the positives as soon as the outbreak ends.
The company helps to advertise agencies to purchase digital ads and provide a better ad experience to the consumer programmatically. Due to the current scenario, advertisers have reduced purchasing ads which further leads to a decline in the revenue of the trading desk. The same goes for social media giant Facebook and search engine lord Google (parent company ALPHABET).
The lockdown surely has brought the consumers online but at this point, the consumers are not going to purchase anything. Therefore, a fall in travel ads, apparel ads has been noticed by the social media giants as well as the trading desk.
3. Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL)
The tech giant is also facing a huge slash in the market with more than 30 percent downfall due to the coronavirus pandemic.
A large part of the revenue that Google earns come from advertising. In 2019, advertising alone helped ALPHABET to generate a massive revenue of $162 billion which is 83 percent of the company’s entire revenue.
The company will be facing a huge loss due to the current global issues. However, Alphabet has a step into a lot of tech businesses, there are strong chances that they will cover this outbreak within the next few months.
While the consumers are locked down in their houses, they are grinding upon the services of Google such as YouTube, playbooks, audiobooks, and much more. This will also help in pushing forward the other sources of the company’s income.
Alphabet will surely see an upward curve in its business as when the outbreak normalizes, the businesses will start working on generating revenue and advertise again. Also, the cloud business of the company has seen significant growth.
The self-driving car project of Google, Waymo also raised $2.25 billion and is working on becoming a key player in the market of self-driven cars which has a potential in the near future. This probably is the right time to invest in this stock, who knows when this opportunity will come back?
Wrap Up
While the world and the economy are facing a huge downfall, this might be the right time for you to become a successful trader. As per the analysis of the company’s previous records and profitability, VRTX is the best performing stock during the COVID-19 outbreak.
ALPHABET and the trading desk may also see a rise in their ad purchase as the businesses and ad agencies will start buying ad spaces to continue with their promotions regularly.
