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While the novel coronavirus outbreak is roiling global financial markets, it’s important to remember that this is a short-term issue. It will pass. So, instead of panic selling in this stock market rout, the more prudent thing to do is to look for attractive long-term buying opportunities. Indeed, from where I sit, some of the best stocks to invest in 2020’s post-coronavirus comeback have dropped to really attractive prices on Covid-19 fears.
Let’s take a step back here.
I don’t really know how the economic and markets crisis will play out. It’s encouraging that the outbreak in China — where this whole thing started in December — is essentially over. Over there, the virus infected about one in 20,000 people, lasted just two months, and killed less people over those two months (3,250) than cancer kills every two days in the U.S. alone (more than 3,300).
Still, this situation is a wild card, and trying to predict it over the next month is a losing man’s game.
But, I do know two things. First, whether it lasts two months, two quarters, or two years, the coronavirus outbreak will eventually end. Second, the investment themes underpinning the market’s best stocks won’t end anytime soon.
Big picture — it’s easy to get caught up in the panic, but at the moment, I think the best thing to do here is look for buying opportunities in long-term winners. Those stocks will continue to win long after the coronavirus outbreak dies down.
With that in mind, here are some of the best stocks to invest in for 2020 over the long term:
