3rdPartyFeeds

Buy Apple & Microsoft Stock on the Dip Amid Coronavirus Selloff?

We dive into last week's coronavirus-based selloff. We then discuss if now might be time for investors to buy tech powers Microsoft and Apple stock on the dip amid broader economic and market uncertainty... Read More...

On today’s episode of Full Court Finance here at Zacks, Ben Rains dives into last week’s coronavirus-based selloff that caused the market’s worst week since the financial crisis. We then discuss if now might be time for investors to buy tech powers Microsoft MSFT and Apple AAPL stock on the dip amid broader economic and market uncertainty.

The Dow, the S&P 500, and the Nasdaq all tumbled into a correction last week at breakneck speeds. Wall Street and investors sold stocks as the coronavirus spreads outside of China into South Korea, Italy, and many other countries around the world.

Stocks suffered their worst week since the financial crisis. The market is likely to remain volatile as the severity and the spread of the novel coronavirus remain unclear. Meanwhile, the CDC has called for U.S. businesses, schools, and people to prepare for the coronavirus to spread domestically.

We know that the Chinese economy, which is the second largest in the world, has been hit hard. The Chinese government has restricted travel and many businesses and factories remain closed. This prompted, Microsoft, Apple, Mastercard MA, and others to warn investors that the slowdown of the Chinese economy is set to negatively impact their businesses.

With that said, investors might want to think about buying some of these tech giants after the selloff, including the likes of Amazon AMZN, Facebook FB, and others. Plus, Apple is currently a Zacks Rank #2 (Buy) and MSFT boasts a Zacks Rank #1 (Strong Buy).

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Today’s Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through Q3 2019, while the S&amp;P 500 gained +39.6%, five of our strategies returned +51.8%, +57.5%, +96.9%, +119.0%, and even +158.9%.

This outperformance has not just been a recent phenomenon. From 2000 – Q3 2019, while the S&amp;P averaged +5.6% per year, our top strategies averaged up to +54.1% per year.

See their latest picks free &gt;&gt;” data-reactid=”18″>Today’s Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through Q3 2019, while the S&P 500 gained +39.6%, five of our strategies returned +51.8%, +57.5%, +96.9%, +119.0%, and even +158.9%.

This outperformance has not just been a recent phenomenon. From 2000 – Q3 2019, while the S&P averaged +5.6% per year, our top strategies averaged up to +54.1% per year.

See their latest picks free >>

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
&nbsp;
Microsoft Corporation (MSFT) : Free Stock Analysis Report
&nbsp;
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
&nbsp;
Apple Inc. (AAPL) : Free Stock Analysis Report
&nbsp;
Mastercard Incorporated (MA) : Free Stock Analysis Report
&nbsp;
Facebook, Inc. (FB) : Free Stock Analysis Report
&nbsp;
To read this article on Zacks.com click here.
&nbsp;
Zacks Investment Research” data-reactid=”19″>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Microsoft Corporation (MSFT) : Free Stock Analysis Report
 
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
 
Apple Inc. (AAPL) : Free Stock Analysis Report
 
Mastercard Incorporated (MA) : Free Stock Analysis Report
 
Facebook, Inc. (FB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Read More

Add Comment

Click here to post a comment