The novel coronavirus and the COVID-19 pandemic have raised a lot of fear and uncertainty in society and driven the stock market into bear territory. Nonetheless, I remain bullish on growth stocks for 2020, particularly at these prices. For those of us who remain optimistic about the market, some magnificent stocks are on sale right now. These seven stocks are on my buy list.
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Sometimes fear makes us irrational, and the sell-off in Roku (NASDAQ: ROKU) reflects that. As a stay-at-home stock, Roku should be up in this environment, not down. Video streaming is a great long-term investment, one that should see a short-term upsurge as people stay indoors because of COVID-19. People will be using Roku's service more over the next few months, not less. And yet the stock is dramatically on sale right now. This one seems like a no-brainer to me.