“Stocks Pare Losses on Earnings Amid Virus Angst: Markets Wrap” [Plus Where To Invest]
January 30, 2020
“Stocks pared losses, with strong corporate earnings bolstering confidence in the U.S. economy even as investors remain concerned that the spread of the coronavirus will derail the global recovery.
The S&P 500 retreated for a second day, trimming its January advance to 1%. The measure came off its early lows as results from Microsoft Corp., Coca-Cola Co. and Tesla Inc. drove gains. United Parcel Service Inc., seen as a barometer of economic growth, and Facebook Inc. tumbled on results that underwhelmed investors. Treasuries rose. Oil sank…”
Let me tell everyone in stocks a mega secret. There are still plays in the market even with this virus scare. If this outbreak becomes prolonged yes it will hurt the markets but that doesn’t mean its impossible or even hard to make money. Actually making money during a crisis may be easier if you know where to invest. Supplies, medical equipment, food, anything needed to fight against the coronavirus will spike if fear of said virus continues to grow.
These areas will profit. Just be careful if you capitalize. There’s a lot of hype surrounding this virus and it will die down in my opinion. Don’t get stuck in a high risk move while markets shift back to normal. Other than that for the time being a safe play would be investing in certain parts of the medical industry.