Daily Traders Edge

These 5 Covid-19 Stocks Have Huge Upside Potential

May 15
11:02 2020

The selling has returned to the markets. While we got a reprieve on Thursday, the legions of new millennial investors are getting a taste of what happens after a market “melt-up” rolls over and reality sets back in. The stock market by all measurements is expensive, with the S&P 500 trading at a stunning 20.4 times forward earnings, which is a 1.5 standard deviation above the long-term average of 15.4. This level is now three-quarters of the way to the tech bubble high in 1999 and 2000.

With the market very rich, and the coronavirus pandemic still a long way from being over, we decided to sift through the companies that have been absolutely eviscerated as a result of the demolition of the economy and everything related, like travel, lodging, discretionary purchasing, gaming and so much more.

Five companies with stocks to buy at BofA Securities hit our screens and look like great ideas for long-term growth investors with a somewhat higher degree of risk tolerance. Remember that no single analyst report should be used as a sole basis for any buying or selling decision.


This integrated leader is a safer way for investors looking to be positioned in the energy sector. Chevron Corp. (NYSE: CVX) is a U.S.-based integrated oil and gas company, with worldwide operations in exploration and production, refining and marketing, transportation and petrochemicals. The company sports a sizable dividend and has a solid place in the sector when it comes to natural gas and liquefied natural gas.

Chevron, which is among the companies with the largest corporate debt, recently became the latest major oil company to slash spending after halting its $5 billion-a-year share buyback and halving spending in the Permian Basin, which means a large decrease in projected output from America’s biggest shale region.

Continue Reading at 24/7 Wall Street

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