While markets are reeling from the rapid spread of COVID-19 and resulting economic disruption, investors are looking for save havens in which to park their funds. The broader markets are expected to be volatile in the near term until countries around the world come to grips with the pandemic.
The time is ripe to consider individual stocks that appear coronavirus-proof and that can beat the market in 2020 and beyond. Stocks such as Amazon and Walmart have managed to hold their own in this sell-off because consumer demand remains high for essential products. And people all around the world are staying home from school or working from home, which has helped companies such as Netflix and Zoom Video to outperform indexes.
Another sector that is attractive right now is the gaming space. Shares of gaming companies such as Activision Blizzard (NASDAQ: ATVI), Electronic Arts (NASDAQ: EA), and Take-Two Interactive (NASDAQ: TTWO) have handily outperformed the S&P 500 over the past month.