SQ - Got $3000? Buy These 5 Stocks for the New Bull Market
What a truly wild time to be an investor. In mid-February, following an 11-year bull market, the coronavirus disease 2019 (COVID-19) pandemic pushed equities off a veritable cliff, resulting in the fastest descent into bear market territory in history, as well as a peak 34% decline in the S&P 500 in just 33 calendar days.
Yet fast-forward 10 weeks and you'll find that the S&P 500 has regained nearly three-quarters of what's been lost. In fact, discussion on Wall Street has shifted from wondering whether we'd retest the lows set on March 23 to what stocks should be bought in the brand-new bull market.
If you have, say, $3,000 in disposable cash available for investment (i.e., cash you won't need for bills or emergencies), consider buying into these five high-growth stocks.