Cheap stocks may find amid the coronavirus pandemic. The sudden plunge will provide a healthy dose of truth for investors in the stock market, as uncertainty is likely to continue through the end of the year.
Here are 5 cheap stocks to buy for long-term investors.
1. McDonald’s (McD)
Several companies have slashed or suspended their dividend payments completely in the last few months in an attempt to maintain liquidity. Although most dividend stocks are still paying out, the question arises whether further cuts and suspensions are to come or not.
With that in mind, it is important to choose financially strong dividend stocks that will be able to pay even in the worst-case scenario. You could do much worse than the stock at McDonald’s.
Approximately 7% of MCD stock is down from where it was a week ago, making it a good deal after the pullback.
2. AT&T (T)
Telecom giant AT&T is another dividend stock worth putting on your buy list. The company offers an impressive dividend yield of 7%. Like the rest of Wall Street, during the first quarter, AT&T was burned down by the lockdowns. In addition, the contraction costs the firm 5 cents per share.
3. Facebook (FB)
Facebook, whose share price in the past week, has fallen by about 5%. FB stock has soared to new highs since the market crashed in mid-April. Rising user numbers as well as its latest Shops segment, which places it in direct competition with Amazon (NASDAQ: AMZN), are the main reasons for the ascent.
4. Alphabet (GOOG, GOOGL)
Like Facebook, the Alphabet is a play on advertising, because it’s the bread and butter of the firm. Because of its greater exposure to travel-related advertising, Alphabet could see its coronavirus pain drawn out a little further, but all-in-all the worst is expected to lie behind GOOG stock.
Even with the recent pullback, Facebook is trading above its February highs, Google is still around 10% lower than its pre-pandemic rates.
5. Remark (MARK)
MARK stock also offers investors an equity interest in Sharecare, an online healthcare service. Sharecare is rumored to be preparing for an IPO, something that could add value to Remark stock.
Remark incorporates AI into its products for thermal scanning which makes the process more efficient. That will be particularly useful for reopening businesses that will struggle with crowd-control such as air travel and theme parks.
Temperature scanners should be in demand as long as there is a coronavirus threat and that makes Remark one of the best pandemic stocks to purchase.
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