Throughout the past few months, cities have shut down in order to stop the spread of the coronavirus, leading to businesses shutting down and stocks plummeting. However, there are some stocks that aren’t just growing despite the pandemic, they are growing because of it.
“The market as a whole has since recovered from its March lows. That’s due to a number of factors,” according to Brian Sterz, an investment advisor and portfolio manager for Miracle Mile Advisors. Among them are steps taken by the Federal Reserve to lower interest rates and inject the market with more cash, as well as the federal government’s decision to provide an unprecedented stimulus package to companies and individuals. “The general belief among market experts,” Sterz said, “is that the recession will be deeper, though shorter than initially expected. That cautious optimism is reflected in today’s market.”
Read the full article: 5 Stocks That Are Thriving In The Coronavirus Economy (HuffPost)
