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  15 Aug 2020  Top 7 Stock to choose When the Market Crashes

Top 7 Stock to choose When the Market Crashes

SPOTLIGHT
Published : Aug 15, 2020, 6:26 pm IST
Updated : Aug 15, 2020, 7:55 pm IST

Due to the new-age great depression, people are being fired across the world

Representational image
 Representational image

Since February or April, investors and people of Wall Street are in a roller coaster ride due to the Pandemic. The uncertainty which COVID-19 has brought to different spheres of life and industries is felt by everyone.

The S&P 500 index saw a gigantic decline of 34% in 33 days. By the looks of it, the decline is regarded to be the steepest and fastest descent that the bearish market has even fathomed.

Nevertheless, things took a different kind of turn, a good turn where S&P 500 regained its former glory as it regained over 80% of the overall losses.

Gaining a subtle momentum and covering the losses at a time when the unemployment rate is sky-high is an absolute wonder. Due to the new-age great depression, people are being fired across the world and at the same time, there is a significant rise in COVID-19 cases in several counties including the US.

Given that the stock market has gained some momentum in the US, numerous reasons are suggesting that the present-day rally would crack as another crash is inevitable. When it comes to the stock market, and panicking-uncertain times, there will be some turmoil or the other. It is in the best suit for people to get their hands-on these top trading apps on learnbonds and invest in these seven notable stocks at discount rates for procuring maximum profit.

Square (NYSE: SQ)

Square is popular among the masses as a point-of-sale platform. The company has dedicated years for building a robust ecosystem dedicated to sellers of small and medium-sized industries and businesses.

Over time, the big fish or the notable businesses are getting attracted to the ecosystem for its promising reachability. Many big businesses are getting into Square’s ecosystem as compared to the yesteryears. Also, the Cash App by Square, gave the ecosystem a push to become one of the fail-safes when the market crashes down!

Amazon (NASDAQ: AMZN)

Recent reports suggest that Amazon has a market capitalization of $1.4 trillion. Amazon is the leader among its competitors as the notable e-commerce space, as it comprises 40% of the overall e-commerce market share in the US.

The e-commerce giant is currently focusing its resources on the cloud infrastructure curation and development. Amazon Web Services is growing exponentially i.e., twice the overall coat retail segment. According to Wall Street, people with $200 per share can operate cash flow in Amazon by 2023.

Intuitive Surgical (NASDAQ: ISRG)

Keeping tabs on the healthcare stock can benefit greatly when the stock market crashes. Stocks in the healthcare industry is the best way to invest hard-earned money. Make sure that you invest your money with Intuitive Surgical. The company’s da Vinci systems have been installed around 5,700 times in the last 20 years, which is more than the numbers that their competitors have acquired. The company builds its margins over the years to improve itself for the sake of the investors and buyers.

Kirkland Lake Gold (NYSE: KL)

Acquiring stocks in tech companies are in fashion now, and this might be the reason why the gold-mining industry such as Kirkland Lake Gold is often overlooked. However, this shouldn’t be the case as the company benefits from company-specific and macro catalysts. Due to the prevailing panic, there is chaos on the macro level. Even at the time of chaos gold is regarded as the best investment. Kirkland Lake Gold has a flawless balance sheet among its counterparts with $531 million in fiat currency & zero debt.

U.S Bancorp (NYSE: USB)

The banking industry is not the most ideal place for investment but the U.S. Bancorp if a black horse, which makes even the most sceptical investor fall in love with the returns with an investment. It avoids risky investments like other notable banks, resulting in the maximum return on the assets.

Pinterest (NYSF: PINS)

Many people curse themselves for not buying stocks on Facebook, but there is a new player in town! Pinterest gains investors by providing them with a chance to redeem themselves. Pinterest stands aside from the crowd even with just 367 million users with the MAU growth generating from the overseas users. Pinterest is a new platform, if it’s monetized then the platform will do wonders for investors.

Palo Alto Networks (NYSE: PANW)

The Cybersecurity industry can be the perfect frontier of investments when the market comes tumbling down. Cybersecurity is an essential service which people opt for when the economic condition of the region is shaken.

As 70 per cent or more people are working from home, Palo Alto Network needs to provide robust security to people while using the cloud. The company has minimized its dependency on the firewall products that would give rise to massive revenue recognition.

Tags: alternative investment fund, pinterest, coronavirus (covid-19)