PLCE - 2 Stocks That Look Like Bargains After the Coronavirus Scare
The novel coronavirus outbreak has sent shockwaves through financial markets around the world. The contagion is threatening to end the 11-year-old bull market, and it has made the U.S stock market more volatile than it's been since the financial crisis. Nearly every day since Feb. 21 we have seen violent swings of several percentage points in the S&P 500 and other market indices.
Stocks are down broadly since the coronavirus (which causes the disease COVID-19) began spreading outside of China, with the S&P 500 off 14%, and a number of stocks have plunged on the news, notably oil producers and travel-related stocks, which have been directly affected by the outbreak. But several stocks look oversold on the market panic, and two of them, Dave & Buster's (NASDAQ: PLAY) and Children's Place (NASDAQ: PLCE) could be primed for big comebacks over the long term. Let's take a closer look.
Image source: Getty Images.