One of the biggest dangers of buying stocks today is that a second wave of coronavirus could lead to more lockdowns and business shutdowns, potentially paving the way for another market crash. It’s a serious risk, and one that’s at the front of my mind given the S&P 500‘s recent record highs — a kind reminder of how expensive stocks are today. That’s why it is important to invest in companies that are likely to perform well even amid shutdowns and sharp rises in COVID-19 cases.
Three companies that are doing well during the pandemic and are good buys for worried investors today are Quidel (NASDAQ:QDEL), Logitech (NASDAQ:LOGI), and PayPal (NASDAQ:PYPL). All three stocks will diversify your portfolio and provide a safe place to invest your money if you’re worried about a second wave hitting in the fall.
Quidel’s been one of the hotter