The coronavirus has been spreading outside of China at an accelerating rate. The virus has effectively shut down China’s, and investors are worried about the implication of its global escalation

South Korea and Italy are both seeing a sharp increase in cases over the weekend, with 833 and 223 total cases, respectively. Japan has banned large public gatherings in an attempt to reduce the virus’s transmission

Is this a buying opportunity or time to pull profits?

The economic impact that the coronavirus’s containment can be devastating. Entire countries could shut down as we saw with China.

Looking long-term it appears that demand is just being pushed back, not eliminated. The market has more room to fall considering its rich valuations, but as a savvy long-term investor I would be looking towards blue chips

Stocks like Microsoft (MSFT - Free Report) , Nvidia (NVDA - Free Report) , and Alibaba (BABA - Free Report) look increasingly attractive as the market breaks.

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Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

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