In response to the spread of the new Chinese coronavirus – including its reaching the U.S. – U.S. stocks initially tumbled before rebounding as investors focused on positive earnings news. With more bad news and fear concerning the virus likely on the way, what will the virus’s impact be on the stock market? Today’s article provides a comprehensive look at the virus’s impact on Chinese stocks, China-exposed retailers, travel and gaming stocks, and biotech stocks – as well as what history suggests is coming next, potential buying opportunities from coronavirus-triggered selloffs and more. CLICK HERE.
Fear-driven selloffs in the market are powerful phenomena, but, as the author of today’s article notes, “for those who can tune out the fearful noise and focus on the fundamentals of beaten down, high-quality companies, great returns can be at hand.” He proceeds to highlight what he sees as an irrational selloff in process right now – and which may present an opportunity. Specifically, this is the selloff among asset managers, where many of the most well-known names are down double digits from their 52-week highs. For more, CLICK HERE.
Today’s article notes that while, “under normal circumstances, elections are often followed by selloffs in the stock market”, based on their history of outperforming the broader market in the aftermath of elections – most notably in 2000 and 2008 –utility stocks seemingly offer “a relatively safe port in the post-election market storm.” While acknowledging that there is no guarantee of a market selloff after this year’s election, the authors suggest it may be prudent to consider investing in utilities. As such, four utility companies with high yields – ranging from 5.5% to over 10% – and dividends considered to be safe are highlighted. To read about these four utilities, CLICK HERE.