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

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.

Shameful cnbc

No

Pure speculation, if not straight gambling

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fiat Chrysler's Q4 earnings meet Wall Street expectations, stock moves up 3% pre-market - Business InsiderFCA said its operating profit matched expectations, boosted by strong North American business and better results in Latin America.
Source: BusinessInsider - 🏆 729. / 51 Read more »

This is 'one of the most dangerous stocks' on Wall Street, according to money managerOne of the wildest stock stories this week could also be the most dangerous, according to Mark Tepper of Strategic Wealth Partners.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs Bloomberg data partnership shows Wall Street opening up - Business InsiderWe talked to the execs behind Bloomberg's new data partnership with Goldman Sachs. Here's why they think it's a sign of Wall Street's future.
Source: BusinessInsider - 🏆 729. / 51 Read more »

What an Amazon and Goldman Sachs partnership means for Wall Street and fintechs - Business InsiderSarah Kocianski, head of research at banking consultant 11:FS, on what the Amazon and Goldman Sachs tie-up means for Wall Street and fintech firms.
Source: BusinessInsider - 🏆 729. / 51 Read more »