7 U.S. Stocks to Buy on Coronavirus Weakness: AAPL, AMD, NKE

[Editor’s note: “7 U.S. Stocks to Buy on Coronavirus Weakness” is regularly updated to included the latest analysis of the rapidly evolving coronavirus situation and which stocks to buy.]

The outbreak of Covid-19, a novel coronavirus strain which originated in China but has since gone global, is a big deal. To date, it has infected over 1 million people across the globe, killed at least 50,000, kept billions of people in their homes, brought the global economy to a screeching halt, and caused U.S. stocks to fall off a cliff.

But, not all is hope lost, and now may be the time to actually look for U.S. stocks to buy on the dip. For a few reasons.

First, according to my modeling, the coronavirus pandemic has peaked in certain Asian countries, is peaking in certain European countries, and will peak within the next two weeks in the U.S. Thereafter, spread of the virus globally should slow, before being completely stomped out in May or June.

Second, the U.S. economy has ample firepower from tons of fiscal and monetary stimulus to rebound, albeit gradually, in the summer once the virus is under control.

Third, U.S. stocks are pretty cheap right now, with many top-quality stocks trading at their lowest valuations in years, if not decades.

So, as opposed to running away from stocks during this scary time, I’m running towards them, building a portfolio of long-term winning assets at heavily discounted prices.

I’ve already picked some Chinese stocks to buy once coronavirus fears fade. Now, I’m picking seven U.S. stocks to buy once coronavirus fears fade. Those seven strong U.S. stocks to buy include:

  • Apple (NASDAQ:AAPL)
  • Nike (NYSE:NKE)
  • Advanced Micro Devices (NASDAQ:AMD)
  • Netflix (NASDAQ:NFLX)
  • Intel (NASDAQ:INTC)
  • Amazon (NASDAQ:AMZN)
  • Microsoft (NASDAQ:MSFT)

Coronavirus Stocks to Buy: Apple (AAPL)

Source: View Apart / Shutterstock.com

Global technology giant Apple has been hit hard from multiple angles thanks to the coronavirus outbreak.

At first,…

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