Like businesses, investors need to adapt to changing economic conditions. And one of the biggest changes this year is how people and businesses interact with one another -- ensuring that they keep a safe distance between themselves to help minimize the spread of the coronavirus pandemic. Unfortunately, not all businesses can adapt to these changes as many have had to shut their doors or significantly alter their operations. For companies that are able to practice social distancing without adversely impacting their businesses, they can prove to be very strong investments, not just for this year but beyond.
Having the flexibility to be able to adapt to adverse conditions is a great trait that can make a stock a very stable long-term investment. Below are two stocks that fall into that criteria and that can benefit from the rise of social distancing:
1Life Healthcare (NASDAQ: ONEM) picked a rough year to begin trading on the markets. At around $20 per share, it's still well up from its late January IPO price of $14. However, there's a lot more potential for the company, which does business as One Medical. It owns a chain of primary care centers across the country that its members can access for an annual fee of $199. Currently, the company has locations in many major cities, including Boston, Chicago, Los Angeles, New York, Orange County, Phoenix, Portland, San Diego, Seattle, the San Francisco bay area, and Washington D.C. One Medical also has plans to add locations in Austin and Atlanta.