Coronavirus cases are on the rise in the U.S., and with the threat of more lockdowns looming, investing in stay-at-home stocks is one way to protect your portfolio in case there's another market crash this year. Businesses with products and services that are in demand even when consumers are stuck at home are in good shape to perform well, even amid the COVID-19 pandemic.
The following two companies look to be good investments during these adverse times, and investors should consider buying shares today. And if you invest in both, you'll be providing your portfolio with some great diversification.
SmileDirectClub (NASDAQ: SDC) is a terrific example of a business that could do very well when people are at home. Its popular teeth-straightening products are a hit with consumers, because they're cheaper than braces. And because customers can get the products shipped directly to their homes without even needing to visit one of the company's SmileShops, SmileDirectClub makes for the ideal stay-at-home stock.