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9 Outbreak-Fueled Stocks to Buy This Week

InvestorPlace Logo By Josh Enomoto of InvestorPlace | Slide 1 of 10: Although the electoral process has been a long and frustrating one, it finally resolved – at least to most Americans – in the form of Joe Biden becoming president-elect. It wasn’t exactly a surprise since the nation suffered badly under the novel coronavirus pandemic. What was shocking was how tight the results were, leading outgoing President Donald Trump to question the results. That may have some influence on stocks to buy this week, though you should also consider larger trends at play. First, does Trump have a case for asserting rampant voter fraud in key battleground states? As I’ve stated multiple times before, you never want to count out “The Donald.” Certainly, the aggressive manner in which he is prosecuting this fraud narrative makes one pause – could the Democrats really be stealing the election? I like to think I’m open minded. However, extraordinary claims require extraordinary evidence, and so far, we’re just not seeing it. While I don’t consider myself a political expert – which is different from having political opinions, just to be clear – the charges seem odd. If the Democrats had the power to manipulate the presidential election, why didn’t they manipulate down ballot as well? Though I give some margin for the Trump administration to provide the evidence, investors ought to adjust their strategy for stocks to buy with the assumption that Biden will seal the deal. If so, we can focus our attention on the issue that has wrecked our society and economy: the novel coronavirus. Over recent days, we have seen some mindboggling numbers, driving the one-week average to above the 100,000 new daily cases threshold. To say that’s troubling would be an understatement, giving the future Biden administration more than a handful to deal with. Thus, the framework for stocks to buy will still revolve around the outbreak. However, what’s encouraging here is that Biden has consistently stated that he will follow the science and listen to the experts. More importantly, with multiple breakthroughs in the vaccine space, it may be time to reconsider what a post-Covid-19 world might look like. In that spirit, here are the stocks to buy this week.  Pfizer (NYSE:PFE)  Abbott Laboratories (NYSE:ABT)  Johnson & Johnson (NYSE:JNJ)  Archer Daniels Midland (NYSE:ADM)  NextEra Energy (NYSE:NEE)  Wheaton Precious Metals (NYSE:WPM)  Axon Enterprise (NASDAQ:AAXN)  Blink Charging (NASDAQ:BLNK)  Sturm Ruger (NYSE:RGR) For maximum utility, I’ve separated these companies into three categories (with three stocks each): higher-probability names with limited upside, a balanced approach between upside potential and risk, and finally, the downright speculative trades.            7 Unicorn Startups to Watch Into 2021          Finally, although most people have accepted or are on the road to accepting Biden as President-elect, many ardent supporters of President Trump are only at the first stage of grief: denial. Worryingly, the next step is anger. At the very least, some of your stocks to buy should reflect this reality.

Although the electoral process has been a long and frustrating one, it finally resolved – at least to most Americans – in the form of Joe Biden becoming president-elect. It wasn’t exactly a surprise since the nation suffered badly under the novel coronavirus pandemic. What was shocking was how tight the results were, leading outgoing President Donald Trump to question the results. That may have some influence on stocks to buy this week, though you should also consider larger trends at play. First, does Trump have a case for asserting rampant voter fraud in key battleground states? As I’ve stated multiple times before, you never want to count out “The Donald.” Certainly, the aggressive manner in which he is prosecuting this fraud narrative makes one pause – could the Democrats really be stealing the election? I like to think I’m open minded. However, extraordinary claims require extraordinary evidence, and so far, we’re just not seeing it. While I don’t consider myself a political expert – which is different from having political opinions, just to be clear – the charges seem odd. If the Democrats had the power to manipulate the presidential election, why didn’t they manipulate down ballot as well? Though I give some margin for the Trump administration to provide the evidence, investors ought to adjust their strategy for stocks to buy with the assumption that Biden will seal the deal. If so, we can focus our attention on the issue that has wrecked our society and economy: the novel coronavirus. Over recent days, we have seen some mindboggling numbers, driving the one-week average to above the 100,000 new daily cases threshold. To say that’s troubling would be an understatement, giving the future Biden administration more than a handful to deal with. Thus, the framework for stocks to buy will still revolve around the outbreak. However, what’s encouraging here is that Biden has consistently stated that he will follow the science and listen to the experts. More importantly, with multiple breakthroughs in the vaccine space, it may be time to reconsider what a post-Covid-19 world might look like. In that spirit, here are the stocks to buy this week. Pfizer (NYSE:PFE) Abbott Laboratories (NYSE:ABT) Johnson & Johnson (NYSE:JNJ) Archer Daniels Midland (NYSE:ADM) NextEra Energy (NYSE:NEE) Wheaton Precious Metals (NYSE:WPM) Axon Enterprise (NASDAQ:AAXN) Blink Charging (NASDAQ:BLNK) Sturm Ruger (NYSE:RGR) For maximum utility, I’ve separated these companies into three categories (with three stocks each): higher-probability names with limited upside, a balanced approach between upside potential and risk, and finally, the downright speculative trades. Finally, although most people have accepted or are on the road to accepting Biden as President-elect, many ardent supporters of President Trump are only at the first stage of grief: denial. Worryingly, the next step is anger. At the very least, some of your stocks to buy should reflect this reality.
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