Amazon is an ideal stock to buy during the market’s steep sell-off, value investor Bill Miller said
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="He also said that companies like Facebook (FB), Alphabet (GOOG), Microsoft (MSFT), Apple (AAPL) and most of the big banks will perform well.” data-reactid=”14″>He also said that companies like Facebook (FB), Alphabet (GOOG), Microsoft (MSFT), Apple (AAPL) and most of the big banks will perform well.
You can watch a full interview below:
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Investor Bill Miller recently said that the sharp sell-off in stocks has created a great chance to buy-in. He isn't telling investors to put all the money in at once but he thinks layering it in right now is the right way to go. He said that there have been four great buying opportunities in his adult lifetime. "The first was in 1973 and ’74, the second was in 1982, the third was in 1987 and the fourth was in 2008 and 2009. And this is the fifth one,” Miller added. Amazon is an ideal stock to buy during the market’s steep sell-off, value investor Bill Miller said. All of this activity to deal with the coronavirus that countries are taking could be relabeled as "Amazon Subsidy Act of 2020". He also said that companies like Facebook (FB), Alphabet (GOOG), Microsoft (MSFT), Apple (AAPL) and most of the big banks will perform very well after this crisis.” data-reactid=”17″>Investor Bill Miller recently said that the sharp sell-off in stocks has created a great chance to buy-in. He isn’t telling investors to put all the money in at once but he thinks layering it in right now is the right way to go. He said that there have been four great buying opportunities in his adult lifetime. “The first was in 1973 and ’74, the second was in 1982, the third was in 1987 and the fourth was in 2008 and 2009. And this is the fifth one,” Miller added. Amazon is an ideal stock to buy during the market’s steep sell-off, value investor Bill Miller said. All of this activity to deal with the coronavirus that countries are taking could be relabeled as “Amazon Subsidy Act of 2020”. He also said that companies like Facebook (FB), Alphabet (GOOG), Microsoft (MSFT), Apple (AAPL) and most of the big banks will perform very well after this crisis.
Coronavirus news has been dismal as a spike in cases in the U.S. and around the globe caused unprecedented financial and societal disruption. All three major averages have dipped deep into bear market territory, with industries like the hotel and travel industries nearly shut down, hoping for bailouts from the government. Bill Miller thinks as time goes on, the fear would attenuate, unless the news on the pandemic side gets radically worse than expectations.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="If you haven't already heard, Insider Monkey predicted this coronavirus recession in February and has been telling its premium subscribers to short the market and travel related stocks (see our first article). Later on we accurately predicted the number of deaths in the U.S. in this article. You can subscribe to our free email alerts on our website to get our next prediction before everyone else.” data-reactid=”19″>If you haven’t already heard, Insider Monkey predicted this coronavirus recession in February and has been telling its premium subscribers to short the market and travel related stocks (see our first article). Later on we accurately predicted the number of deaths in the U.S. in this article. You can subscribe to our free email alerts on our website to get our next prediction before everyone else.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Disclosure: None. This article is originally published at Insider Monkey.” data-reactid=”20″>Disclosure: None. This article is originally published at Insider Monkey.
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