11 Best Tech Stocks for the New Coronavirus Norm
The COVID-19 coronavirus pandemic has been a disaster for the stock markets. While all sectors have suffered record losses, some have been particularly hard-hit and face an uphill climb to recover. For example, investments in airlines, cruise lines and hotels have their work cut out for them. But it might be an ideal time to pick up certain tech stocks.
Technology companies have long been fantastic buys for investors seeking out growth. That's because many of these firms either latch on to or even create emerging trends, then find ways of turning them into profits: think e-commerce, streaming content and cloud technology.
The same thing is happening now in the midst of the coronavirus outbreak. Several tech stocks are showing their worth as COVID-19 changes the technology industry. Some firms are already enjoying considerable upside amid various shifts, such as the implementation of "social distancing," and should remain aloft as long as those efforts remain in play. In many cases, the momentum is expected to continue as these technologies become part of a "new normal."
Here are 11 of the best tech stocks to buy as the coronavirus outbreak changes the way Americans live, work and play.
Netflix
Market value: $158.7 billion
Cinemas, theaters and other entertainment venues have been shut down because of the coronavirus. As a result, people have been forced to look for ways to occupy themselves indoors.
Netflix (NFLX, $361.76) unsurprisingly fits the bill.
Netflix already has more than 60 million subscribers in the U.S. as of the end of 2019, and 107 million subscribers internationally. But that still leaves room for growth, especially on the latter front.
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