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Bad news is punishing stock market investors — here’s how to deal with it
The upshot: It’ll make sense to buy stocks after potential 5%-10% declines in the S&P 500 (SPX) Dow Jones Industrial Average (DJIA) and Nasdaq (COMP) Stock market indexes posted declines Friday of over 2% on concerns about rising coronavirus cases in some states as they reopen their economies. The eight stocks I put in my public-gathering-place portfolio in my stock newsletter, Brush Up on Stocks, on March 17 were up 70.7% by the close June 15, compared with 26.3% gains for the SPDR S&P 500 ETF Trust (SPY) As the big gainers (and the ones most vulnerable to Covid-19 resurgence fears), they will likely decline a lot, offering the best opportunity for a rebound when Covid-19 fears recede again. The eight stocks are: Churchill Downs (CHDN) Royal Caribbean Cruises (RCL) Carnival (CCL) Planet Fitness (PLNT) Lowe’s (LOW) Home Depot (HD) Howard Hughes (HHC) and Cedar Fair (FUN) These all have solid brands, good business prospects and decent insider buying levels.
https://finance.yahoo.com/m/fbad35c...e7/bad-news-is-punishing-stock.html?.tsrc=rss
The upshot: It’ll make sense to buy stocks after potential 5%-10% declines in the S&P 500 (SPX) Dow Jones Industrial Average (DJIA) and Nasdaq (COMP) Stock market indexes posted declines Friday of over 2% on concerns about rising coronavirus cases in some states as they reopen their economies. The eight stocks I put in my public-gathering-place portfolio in my stock newsletter, Brush Up on Stocks, on March 17 were up 70.7% by the close June 15, compared with 26.3% gains for the SPDR S&P 500 ETF Trust (SPY) As the big gainers (and the ones most vulnerable to Covid-19 resurgence fears), they will likely decline a lot, offering the best opportunity for a rebound when Covid-19 fears recede again. The eight stocks are: Churchill Downs (CHDN) Royal Caribbean Cruises (RCL) Carnival (CCL) Planet Fitness (PLNT) Lowe’s (LOW) Home Depot (HD) Howard Hughes (HHC) and Cedar Fair (FUN) These all have solid brands, good business prospects and decent insider buying levels.
https://finance.yahoo.com/m/fbad35c...e7/bad-news-is-punishing-stock.html?.tsrc=rss
