There is no shortage of stock picks being promoted as great buys during the Coronavirus pandemic. The challenge is understanding which ones are most relevant to the COVID-19 virus, and more importantly, why.
IMPORTANT: I do NOT have a fancy stock picking newsletter or chat room subscription to sell. In fact, I don’t recommend day trading as a career. Instead, I casually passively invest and trade stocks as a hobby when free time permits.
To help everyday investors keep track of what stocks are tied directly to the Coronavirus pandemic and why, I made the following Coronavirus stocks watch list and will be updating it daily after the close.
UPDATE 3/31/20 – Docusign $DOCU has been added to the watch list.
UPDATE 4/3/20 – Kroger $KR added!
For this list, I am focusing on companies that have at least $1B in market cap, are US based, trade on a major exchange (NYSE or NASDAQ), and are outperforming the S&P 500 by the widest margin.
Best Coronavirus Stocks to Watch (As of 4/3/20 Close)
- Inovio Pharmaceuticals $INO (+134.5%)
- Vir Biotechnology $VIR ( +130.5% )
- Zoom Video Communications $ZM (+88.4%)
- Teladoc Health $TDOC (+86.6%)
- Regeneron Pharmaceuticals $REGN (+31.4%)
- Citrix Systems $CTXS (+27.4%)
- Gilead Sciences $GILD (+20.4%)
- Clorox $CLX (+15.6%)
- Chewy $CHWY (+15.1%)
- Netflix $NFLX (+11.8%)
- Dominos Pizza $DPZ (+11.7%)
- Kroger $KR (+11.4%)
- Docusign $DOCU (+6.6%)
What do these companies do?
Chewy (CHWY) is a online pet food store. Citrix Systems (CTXS) and Zoom (ZM) provide web conferencing software. Clorox (CLX) is a consumer staples play focusing on household cleaning products. Docusign (DOCU) helps companies manage and execute electronic agreements, e.g. contracts. Dominos Pizza (DPZ) is the largest pizza seller worldwide in terms of total sales. Gilead (GILD) is a drug company developing Remdesivir for COVID-19. Inovio Pharmaceuticals (INO) and Vir Biotechnology (VIR) are both developing a vaccine or treatment for COVID-19. Kroger (KR) is a nationwide grocery chain. Netflix (NFLX) offers streaming entertainment to over 167 million subscribers worldwide. Regeneron Pharmaceuticals (REGN) is creating potential treatments for Coronavirus disease. Lastly, Teladoc Health (TDOC) enables web conferencing for doctors and other healthcare workers.
Stock that Currently Miss the List and Why
I’m sure people will be commenting on Twitter of stocks that I am missing from my list. So I will make a list here and relay why they are being excluded for now:
- 3M Co $MMM – YTD return not high enough
- Gold $GLD – YTD return not high enough
Is there a stock I am missing from this page? Send me a tweet, @InvestorBlain!