- Investors who missed the recent bounce have the opportunity to enter the stock market once the crisis is over.
- Shares of Tesla and Disney are poised to take off as demand picks up after the economy reopens.
- Netflix has benefitted from the lockdown and is looking to extend its gains even after the pandemic is over.
Covid-19 has hit global markets hard, and the S&P 500 has no immunity over the virus. The bellwether index is down over 17% from all-time highs. While bulls have been aggressively buying the dip, investors who missed the massive bounce may benefit by looking ahead.
Here are three fundamentally sound companies positioned to surge once the global health crisis is over.
Tesla to Sizzle After the Pandemic
Entering the year, Tesla (NASDAQ:TSLA) was the hottest stock in the world after exploding nearly 130% in one month. The electric vehicle maker has since cooled off, considering that its Fremont facility is closed until May 4 due to coronavirus. But halfway across the world, the EV firm is flexing its muscles.
Tesla’s China sales remained strong in Q1 2020 despite coronavirus ravaging the country. The automaker was responsible for 25% of electric vehicle sales in China during the stretch.
In March, Tesla delivered 10,160 vehicles to China en route to a total delivery of over 88,000 cars–marking the company’s “best first quarter ever.”
Tesla appears to have survived the worst of the coronavirus pandemic in China. Likely, the company will also weather shelter-in-place orders in the United States. As a result, Tesla’s stock is likely to go up after the economy reopens.
Netflix Is Accumulating a Boatload of Cash to Create Fresh Content
One of the biggest winners of the coronavirus health crisis is Netflix (NASDAQ:TSLA). The on-demand video streaming company reported 15.77 million new subscribers in the first quarter. It’s no secret that lockdowns drove millions of consumers to rely on Netflix for entertainment.
While some analysts believe that…