This story was originally published here.
If you looked strictly at the numbers, the June jobs report was a stunning confirmation of an economic recovery. With states reopening their doors for business following the initial wave of the novel coronavirus, the labor market added 4.8 million jobs, again exceeding expectations. However, a deeper look reveals why investors should be selective in their choice for stocks to buy.
Although the sequential comparisons look great, we must first take into account that millions are still out of work. With an overall unemployment rate of 11.1%, this figure is still staggering relative to pre-pandemic averages, which fell below 4%. Further, initial jobless claims continue to number in the millions, which is simply unprecedented in the modern era. Therefore, many of the best stocks to buy this month will feature resiliency to economic pressure.
But the most worrying factor this month and perhaps for the rest of the year is the explosive spread of the coronavirus. Several states are now seeing record jumps in both infections and hospitalizations. If that wasn’t enough, Dr. Deborah Birx, who helped lead the White House’s coronavirus response, admitted that government officials were surprised at the virus’ spread.
To put it another way, more people are beginning to acknowledge the seriousness of Covid-19. Potentially, this could result in mass-scale mitigation efforts as the country returns to a pandemic mentality. While that’s not great news for those hoping for a return to normal, these nine stocks to buy could enjoy a resurgence of demand:
For maximum utility, I’ve separated these companies into three categories (with three stocks each): higher probability names with limited upside, a balanced approach between upside potential and risk, and finally, the downright speculative trades.
July is turning out to be a wild month. Take advantage with these best stocks to buy…
Editor's Note: Click here to keep reading.
A new type of battery is pushing everything we thought we knew about energy storage to the limits.
According to automotive insiders, consumers will soon be able to go 1,000 miles on a single charge.
Think about that for a moment…
That’s nearly TRIPLE the distance of the best-performing electric cars on the market right now — and more than 8 TIMES farther than the average electric car…
That means you could drive from New York City all the way down to Daytona Beach, Florida, without stopping!
A 1,000-mile range clobbers even the most fuel-efficient gas vehicles on the road today!
In short, this tech is about to change EVERYTHING.
Here’s the best part:
At the heart of this new technology is one company — 1/1,000th the size of GM.
If you want to get in on the electric car revolution, this is easily the best way to do it.
Click here to see the full story.
Senior Investment Strategist, InvestorPlace