For Immediate Release
Chicago, IL – April 2, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Netflix Inc.
NFLX, Akamai Technologies Inc. AKAM, DocuSign Inc. ( DOCU Quick Quote DOCU - Free Report) and Teladoc Health, Inc. TDOC. Here are highlights from Wednesday’s Analyst Blog: Dodge the Coronavirus Crisis with These 4 Stay-at-Home Stocks
The rapidly growing number of coronavirus-infected patient cases across the globe has roiled the equity market. With drugs and vaccines many months away, investors expect global businesses to witness longer and steeper downturns.
However, there could be some respite if the spread of the virus is contained. In wake of this scenario, governments are urging people to strictly adhere to lockdown directives. Hence, it’s advisable to keep an eye on "stay-at-home" stocks that are well poised to gain and are immune to the virus’ impact.
Virus Fears Intensify
In view of the coronavirus outbreak, which has been classified as a pandemic by the World Health Organization, more governments across the world are considering and extending strict nationwide lockdowns.
Per compiled data of Johns Hopkins University, since the virus was first detected in China late last year, the total number of infected people across the world has increased to 860,181, as of Apr 1. The virus has already spread across 180 countries, killing more than 42,000 people, the compiled data suggests. On the bright side, the data shows recovery of 178,359 infected people.
Stocks to Gain From the Pandemic
To combat the outbreak, people are being increasingly advised to avoid mass gathering. This has brightened up prospects of companies that are helping people to stay connected. In other words, the businesses of such companies prosper if people spend more time at home.
We are presenting two stocks with a Zacks Rank #2 (Buy) and two with a Zacks Rank 3 (Hold) that are well positioned to gain. You can see
. the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Headquartered in Los Gatos, CA,
Netflix Inc. is a leading provider of streaming services. With more people staying at home, streaming could be their in-house entertainment. Thus, the #2 Ranked stock is expected to witness an expansion in its subscriber base. We expect the company to see earnings growth of roughly 47% in 2020.
With mounting demand for in-house entertainment services, video streaming service providers are competing to boost their customer base. Being a leading provider of content delivery network services,
Akamai Technologies Inc. is well positioned to grow, since the company provides the necessary platform to the video streaming service providers to compete. Notably, the stock, with Zacks Rank #2, is likely to see earnings growth of almost 9% in 2020. DocuSign Inc., headquartered in San Francisco, CA, is a popular name for authenticating documents over the Internet through electronic signature. The stock, with Zacks Rank of 3, is likely to see earnings growth of almost 71% in fiscal 2021 (read more: Coronavirus Drives Work-From-Home Trend: 5 Stocks to Gain).
In the wake of limited movement and home confinement, there is growing demand for digital doctors. Being a provider of virtual access to high-quality care and expertise with a portfolio of services and solutions,
Teladoc Health, Inc., headquartered in Purchase, NY, is a well-known name in the space. In 2020, the #3 Ranked stock is likely to see bottom-line growth of almost 19%. Today's Best Stocks from Zacks
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