This story was originally published here.
The coronavirus has created an economic crisis around the world, and no one is exactly sure how deep it will cut or how long it will last. But it's changed the world in a way that's creating new opportunities for investors. We're calling these winners of the post-COVID-19 world “virus stocks,” and we've got three of them for you today.
In this new reality, some industries and companies will experience permanent damage. Many travel-related businesses will fail. Others will look to private equity for rescue financing, and quite often, that financing will end up with the private equity lender owning most of the equity.
Department stores were already ill, but the economic shutdown has hastened the death of many. The same can be said of malls. Only the very best located malls with high-end tenants will survive this mess. The airline industry is changed forever as a result of the pandemic shutdown. I have a hard time seeing how the cruise lines recover from this. Senior housing is also going to be a tough sell for the next few years after the virus moved quickly through many nursing homes with alarming results.
However, some businesses are going to see an enormous improvement in their business. Already we saw Zoom Video Communications Inc. (NASDAQ: ZM) become an overnight sensation. It's the new norm for conducting business and visiting family and friends during the shutdown. The stock has more than doubled in 2020, as usage has skyrocketed. This is not going to change when the closure is over. Businesses are discovering that a Zoom call is a lot more cost-effective than spending money on business travel.
We're always on the lookout for other companies poised to thrive despite COVID-19. Today, we're looking at three additional stocks that we think will outperform once COVID passes…
Editor's Note: Click here to keep reading.
A Personal Invitation from Joe Montana
Hi, I'm Joe Montana.
And I want to invite you to a join me during a special presentation about investing in one of the fastest-growing industries in the world – cannabis.
This is something you won't want to miss.
Now, you might be wondering “Why should I listen to an old football player about investing?“
Well, here's something you may not know about me.
After I retired from football, I started investing in startups.
I made some investments personally and even launched my own fund.
I've backed some of the most successful startups in the world – I'm talking about companies like Dropbox and Pinterest – long before they became billion-dollar giants.
But the numbers tell me that the cannabis industry has as much potential as anything I've seen in a while.
There's a projected $72.8 billion worth of untapped demand for the taking right now… and the market is projected to grow to $500 billion if not more…
Which makes right now a great time to invest in cannabis and lock in a ground-floor opportunity.
That's why I recently took part in The 2020 American Cannabis Summit.
It's an online event hosted by the National Institute for Cannabis Investors that was created to give you the information and tools you need to make the best possible investment decisions in this market.
If you have even a slight interest in investing in cannabis, you won't want to miss this event.
To Your Success,
Guest Speaker, The 2020 American Cannabis Summit