The past couple of weeks have been tough for investors. Not only the stock market posted its most significant losses since the 2008 financial crisis, but the longest bull market in history has come to an end. It is also no surprise that most investor’s portfolios have suffered due to the uncertainties surrounding the global COVID-19 pandemic. These uncertain times have led to individuals wondering what will happen with the U.S. and worldwide economy.
On the other hand, the market panic over coronavirus has led to many investors selling their shares. Further, due to the wild three weeks on the U.S. stock markets and the selloff, stocks are now in a bear market retreat. So, what should investors do now?
Should they invest in stocks, or should they start looking for other alternatives to keep their money safe? Well, the correct answer is YES! Investors should invest. Let’s take a look at the three top oversold stocks worth buying now as markets panic over COVID-19.
Berkshire Hathaway Inc. | BRK.A (NYSE)
$267,695.84 -6,054.16 (-2.21%)
Berkshire Hathaway Inc. is an American multinational conglomerate holding company, and Warren Buffet is the owner and CEO of this company. The company is traded on the NYSE as BRK.A. Typically, BRK.A is the most expensive publicly traded stock in the world of all time. Last time we wrote about this company, the Berkshire Hathaway stock was trading at $315,604.00. Moreover, the all-time high was on Oct. 9, 2018 – $335,900. Now, investors can buy the stock for $267,695.84, which is a great deal.
If you want to know more about this company, make sure you read this article “Which is The Most Expensive Stock in The World”
Apple Inc. | AAPL (NASDAQ)
$242.12 -10.74 (-4.25%)
The American multinational technology company is well known to probably every person on this planet. Moreover, the company is publicly traded on the NASDAQ as AAPL. Now, investors can buy the stock for $242.12.
Not only this, but Apple is considered one of the Big Four technology companies, alongside giants like
Amazon | AMZN (NASDAQ) $1,788.66 -19.18 (-1.06%)
Google | GOOGL (NASDAQ) $1,092.10 – 25.97 (2.32%)
Microsoft | MSFT (NASDAQ) $143.72 – 2.85 (1.94%)
Shares of these technology giants have been selling off in Monday trading.
United Airlines Holdings | UAL (NASDAQ)
$25.83 -4.84 (-15.78%)
United Airlines Holdings Inc. is an airline holding company that owns and operates United Airlines. The company is publicly traded on the NASDAQ as UAL. Previously traded for around $90 per share, now the current price per share is about $25. In other words, this is a company worth watching right now.
The stock market has proved over the years that it can recover. For instance, the stock market crash of 2008 was the most devastating one. Moreover, it was the most significant point drop in history until now.
However, in 2013, the U.S. stock market finally recovered when stock prices rose faster than earnings. Then, investors who were not afraid to invest or have decided to hold onto their investment have made severe earnings.
Even though the stock market crash of 2020 is probably the worst so far, investors should still consider investing in stocks. Especially now, when they can buy oversold stocks and make a profit.