The current state of the global stock market has investors worried like never before. There’s no need to retread over the coronavirus spread or the historic sell-offs, you want to know if its time to put your life on hold, isolate yourself into quarantine and binge streaming shows on your laptop …. or pick yourself up and get back into the investing game?
Well, why not both?
Even though some big banks are predicting that we will head into a recession this year, there are some “recession proof” stocks out there, but some popular shares have been trading at bargain prices thanks to the market’s nose-dive activity last week. For example:
(Netflix 6-month stock performance chart.)
Netflix Inc. (NASDAQ: NFLX) – People still need to watch movies and TV shows. While NFLX’s prices aren’t quite near its six-month lows, it has seen enough shaved off to make now one of the better times to get some shares before it announces the latest slew of offerings to compete in its arms race against Amazon Prime, Disney+ and Apple TV. Speaking of which ….
(Apple 6-month stock performance chart.)
Apple Inc. (NASDAQ: AAPL) – Also a popular and expensive stock, Apple has taken a significant dip, but is making a comeback. The current market sentiment notwithstanding, the company could see a boost if it rolls out its 5G iPhones later this year.
Obvious stocks like this might not be to everyone’s taste, but they help establish a trend that this could be a time to get in on something you’ve been waiting upon for some time, like a fancy new pair of shoes during a store closing fire sale.
(Natural gas 6-month commodity performance chart.)
As pictured above, regulated utilities like natural gas have had a rough time along with the markets, but this recent dive has opened up some high performing stocks at more reasonable prices. Two stand-out players include:
Fortis Inc. (TSX / NYSE: FTS) - An owner and operator of utility transmission and distribution assets in Canada and the United States,reported $8.8 billion and total assets of approximately $53 billion as of December 31st, 2019.
(Fortis 6-month stock performance chart.)
Algonquin Power & Utilities Corp. (TSX / NYSE: AQN) – This North American generation, transmission, and distribution utility recently announced its annual Adjusted net earnings increased 3% in Q4 2020 to $321.3 million.
(Algonquin 6-month stock performance chart.)
Renewable energy has also been brought back down to Earth in prices after being pricy and in vogue among investors over the past few months.
SolarEdge Technologies, Inc. (NASDAQ: SEDG) – One of the top US “smart energy” firms announced record revenues of $418.2 million in Q4 2019 along with record revenues from solar products of $389 million.
Brookfield Renewable Partners LP (NYSE: BEP) – This ETF operates one of the world’s largest publicly traded, pure-play renewable power platforms. This portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia. Via its Q4 2019 financial report, the company stated it intends to deliver 12-15% long-term returns on a per-unit basis.
These are just a few offerings of potential opportunities trading at lower values for (possibly) a limited time. Have you made any bargain moves, or holding some resilient stocks in the face of a recession? Let us know in the comments below.
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