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Buy these stocks on the dip related to the coronavirus, Wall Street analysts say

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Wall Street analysts say there are plenty of stocks to bolster your portfolio despite the economic uncertainty brought on by coronavirus.

The stock is down almost 3% on the week.

But coronavirus fears surrounding the company are "overblown," according to Macquarie. The firm says the company will lean on its North American business to get through the turbulence. "We don't think the coronavirus impact will carry particular weight on the underlying business fundamentals especially given North America strength," they said."China, while a positive catalyst in the RCL story overall, was only expected to be 6% of 2020 capacity and 4% Q1, and we don't expect serious long-term erosion in consumer confidence from this.

"We believe that China internet and logistics companies are somewhat sheltered via onlinification of all products and services," Bernstein said. "Volume growth should remain sturdy as more people will stay home, they will shop more online and tend to pass items to families and friends by couriers rather than gatherings," they said.Here's what else analysts are saying about stocks to buy during the coronavirus epidemic:"The impact on the phosphate markets already appears meaningful – the majority of Chinese production is in central China, and prolonged shutdowns could materially impact market balance.

 

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Pure speculation, if not straight gambling

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