The downturn in the market from the COVID-19 crisis has spurred younger people to take interest in the stock market, picking up shares for cheap.
Many people have flocked to the app Robinhood which has no trading fees, and offers a random free share of stock as a perk for signing up.
You can download the app here.
Some popular picks have been airline, cruise line and oil stocks. They certainly are a good bargain at their current lows, but at the same time they have the longest roads ahead to recovery.
If you are a new investor, getting those good deals and waiting out the long recovery will pay off in the long run. But you should balance your portfolio with stocks that have succeeded despite the pandemic.
The decline in the market began on February 21st, and if a stock price is higher now than it was on February 21st, then it is certainly faring better than the majority of the market.
Below are 5 stock picks that have done just that. Both the February 21st price and the most recent closing price on April 28th will be shown.
1) Zynga: Zynga, Inc. provides social game services. It develops, markets and operates social games as live services played on mobile platforms such as Apple iOS operating system and Google’s Android operating system, and social networking sites such as Facebook.
2) AMD: Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom.
3) Nintendo: Nintendo Co., Ltd. engages in the development, manufacture, and sale of home entertainment products. Its entertainment products include portable and console game machines and software, trump card and Karuta, multinational consumer electronics, and home console hardware.
(It is also very much worth noting that the recent success of Animal Crossing and the subsequent sudden demand for Nintendo Switch units is not yet built into the stock price)
4) Walmart: Walmart, Inc. engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club.
5) Dollar General: Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items.
While Robinhood offers no trading fees, it is important to note that trading fees are also a useful mechanism to prevent poorly judged and impulsive trading behavior.
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