4 Stay-At-Home Stocks To Gain From The Coronavirus Pandemic

Coronavirus has weighed on corporate earnings and disrupted supply chains, with no immediate respite in sight. Thus, investors expect global businesses to witness a longer and steeper downturn.

Meanwhile, companies across the globe are asking employees to work from home amid concerns of spreading the virus. In the wake of the present scenario, it’s advisable to keep an eye on "stay-at-home" stocks that are well poised to gain and are immune to the virus’ impact.

Outbreak Takes the Shape of a Pandemic

Considering the rapid spread across the globe, the virus eruption has now been classified as a pandemic by the World Health Organization.

Per compiled data of Johns Hopkins University, since the virus was first detected in China late last year, the total number of infected people across the world has increased to 127,800, as of March 12. The virus has already spread across 116 countries, killing more than 4,700 people, the compiled data suggests. On the bright side, the data shows recovery of 68,000 infected people.

Stocks That Will Defy the Crisis

To combat the outbreak, governments are imposing travel bans on more countries. Moreover, people are being increasingly advised to avoid mass gatherings. This has brightened the prospects of companies that are helping people to stay connected. In other words, the businesses of such companies prosper if people spend more time at home.

We are presenting one stock with a Zacks Rank #2 (Buy) and three with a Zacks Rank 3 (Hold) that are well positioned to gain. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Headquartered in Los Gatos, CA, Netflix Inc. NFLX is a leading provider of streaming services. With more people staying at home and cancelling travel plans, streaming could be their in-house entertainment. Thus, the #2 Ranked stock is expected to witness an expansion in its subscriber base. We expect the company to see earnings growth of 48.4% in 2020.

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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