3 Extremely Oversold Coronavirus Stocks to Buy

In a market stricken ill from the ever-growing coronavirus, it might be tempting to quarantine your cash from a swift, take no prisoners correction. But with history as our guide, its time to buy three otherwise healthy, but extremely oversold coronavirus stocks. These stocks will survive today's diseased market as well as thrive in your trading account.As of Thursday's close, the past four sessions have resulted in the broader market's most punishing decline since the financial crisis. It has been more than a decade since investors have witnessed fearful selling pressure and bearish sentiment of this magnitude.Sure, 2018's correction is still larger and that market bottom remains well beneath today's prices in the likes of the S&P 500 or NASDAQ. Without question, though, this week's combination of spiraling losses of nearly 11%, along with VIX spiking to close at its most fearful levels since 2015, has been more brutal over a shorter time frame.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo say the least, in today's obviously risk-averse environment, there are more than a few otherwise solid-looking stocks on paper which now look like the proverbial baby thrown out with the bath water. And while some Wall Street pros are saying the price action boggles the mind, I'm reminding investors that today's blood in the streets is tomorrow's opportunity. * 10 Stocks to Buy for Your 10-Year-Old Amid the market casualties, here are three extreme and oversold stock reactions on the price charts now in position for buying. Roku (ROKU) Source: Charts by TradingViewChampion streaming video-on-demand platform Roku (NASDAQ:ROKU) is our first extremely oversold stock to buy. Roku's business model is of course well-suited to people staying on the couch in lieu of the coronavirus.The platform also offers a must-have list of streaming services from Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) and others that can please the entire family. Now badly-hit shares are also in position to find a technical bottom.On the weekly price chart shares have slightly penetrated a key angular trend-line. There's a modest breach coinciding with Roku piercing the lower Bollinger Band, an extreme stochastics position, and shares roughly halfway into an air pocket in-between Fibonacci support zones. All the evidence suggests a bottom is nearby in this oversold stock. Foot Locker (FL) Source: Charts by TradingViewFoot Locker (NYSE:FL) is the next of our oversold coronavirus stocks to buy. What makes Foot Locker look like a slam dunk for tomorrow's investors is the longer-term price chart. Foot Locker stock is now building a solid monthly double-bottom backed by key longer-term Fibonacci and trend-line support dating back to the financial crisis.Importantly, there's also Friday's strong market-defying bid in shares. * 7 Low-Risk Mutual Funds to Buy Now If this oversold stock still doesn't resonate with you, there's always today's earnings topper. ExxonMobil (XOM) Source: Charts by TradingViewNot that I've saved the best for last, but ExxonMobil (NYSE:XOM) is our final oversold stock to buy and for more than a few good reasons. With this week's slamming of shares on continued and heightened fears of a corona-driven global economic slowdown, this blue-chip's dividend is now literally the 'toast' of the town at more than 6.5%. In fact, shares just surpassed Dow Inc (NYSE:DOW) as the Dow Industrial's top paying dog.As a fundamentally well-supported annual income stream, XOM stock investors can expect to get paid for simply parking shares in their account. That's roughly five-fold what you'll find in a safe-haven such as 10-year treasuries. But what's really caught my attention in this oversold stock is that the panic selling has become so extreme, it makes ExxonMobil a knife worth catching.Technically, this week's selling pressure has taken ExxonMobil swiftly through key longer-term support as illustrated on the provided monthly chart. It has become so ugly, shares are piercing the 76% retracement level dating back to the financial crisis, while February's monthly candlestick is almost entirely outside the lower Bollinger Band! That's right, XOM is hated that much right now.Bottom-line and to take a cue from Warren Buffett on how to invest, this bloodied and oversold stock is one to buy while other investors are obviously more than a bit fearful.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Your 10-Year-Old * 5 Hot Cannabis Stocks to Snap Up * Buy These 5 Super Fast-Growth Dividend Stocks While They Are Down The post 3 Extremely Oversold Coronavirus Stocks to Buy appeared first on InvestorPlace.

• 
  Coronavirus unleashes investor panic and now the stock market is at a historic oversold level

  Yahoo Finance
• 
  Blue Bird Enters Oversold Territory

  Zacks

Dividend Stocks Are Screaming-Hot Buys Once Coronavirus Fears Fade

You don't grab a falling knife. But you don't want to pass up a bargain. The coronavirus from China has revealed a host of potential bargains in the market's minefield. Let things settle. Wait for a nothing day with the market closing slightly higher, and some (but not all) of the panic to go away. Then, assuming you still have some cash, pounce on some dividend stocks.Source: Shutterstock With the 30-year bond trading at 1.8%, and the 10-year at 1.2%, any stock offering regular income is a bargain. Look for companies with a track record of defending their dividends, and enough earnings to sustain them. The Income RackAT&T (NYSE:T) is not one of my favorite companies. But it opened for trade Feb. 28 at about $35 per share. This means the 52-cent-per-share dividend now yields 5.82%. The telecom space is filled with fat dividends. Verizon (NYSE:VZ) yields 4.3% today. Vodafone (NYSE:VOD), which is still big internationally, yields 5.37%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Best Quantum Computing Stocks Trading Today Just don't reach too far for yield. If the business smells a bit off, a fat yield won't change things. CenturyLink (NYSE:CTL), for instance, yields 7.84%, but it's losing money. I have the same problem with the oil patch. Exxon Mobil (NYSE:XOM) is now yielding 6.56%, but it costs $14.7 billion to pay that out. Last year, it made just $14.3 billion.There are bargains in tech stocks, like International Business Machines (NYSE:IBM). It's offering a yield of 4.87% today. You won't get that from your bank. Or consider Cisco Systems (NASDAQ:CSCO), now trading at under $40 per share with a yield of 3.6%.Speaking of banks, do you know that Wells Fargo (NYSE:WFC) is yielding 4.62% as trading opens? It earns that back twice over. Truist Financial (NYSE:TFC), formerly Suntrust and BB&T, is now yielding 3.55%, and Regions Financial (NYSE:RF) is yielding 4.25%. You might also look at insurers such as Prudential Financial (NYSE:PRU), yielding 5.37%,Over on the pharmacy aisle, CVS Health (NYSE:CVS) is yielding 3.35%, and Walgreens Boots Alliance (NASDAQ:WBA) is yielding 3.84%. Among retailers, Target (NYSE:TGT) now yields 2.39%.Some of the best bargains are the data center real estate investment trusts. These are real estate companies whose warehouses are filled with servers and fiber cables, providing vital interconnects for the cloud internet. The market has favored them for years, but they're now on sale at 10% off. Digital Realty Trust (NYSE:DLR) now offers a yield of 3.55%. CyrusOne (NASDAQ:CONE) yields 3.02%. Crown Castle International (NYSE:CCI), which rents cellphone towers, yields 3.23%.I know there are people suggesting consumer staples are what you should buy. I find my WiFi connection more essential than ketchup, but Kraft Heinz (NASDAQ:KHC) is yielding 6.14% today. I feel safer with another Brazilian-controlled operation, Restaurant Brands International (NYSE:QSR). It owns Burger King, Popeye's and Tom Horton's. Its yield is just 3.37%.Still, not bad. When Is It Safe to Buy Dividend Stocks?While the safest bets for now are going to be in stocks offering income in the form of dividends, you may want to know when the all clear has sounded before jumping in.That all-clear will have been sounded when big-time cloud stocks come roaring back. These stocks have been beaten down terribly. I sold Amazon (NASDAQ:AMZN) just before the crash at almost $2,200 per share. They're now at $1,858, but they won't stay there long. Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) may be bottoming at $1,300.When Apple (NASDAQ:AAPL) starts looking good at $267 per share, or Microsoft (NASDAQ:MSFT) gets recommended at $155, it's going to be time to buy. That's because capital gains will again be in fashion. The danger is that by the time the cloud kings rise again, some of the income bargains may have been swept away.Dana Blankenhorn has been a financial journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in WFC, CVS, MSFT, AAPL, MSFT, AMZN, DLR, CSCO and QSR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Your 10-Year-Old * 5 Hot Cannabis Stocks to Snap Up * Buy These 5 Super Fast-Growth Dividend Stocks While They Are Down The post Dividend Stocks Are Screaming-Hot Buys Once Coronavirus Fears Fade appeared first on InvestorPlace.

• 
  F.N.B. Corporation (NYSE:FNB) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

  Simply Wall St.
• 
  3 Top Dividend Stocks to Maximize Your Retirement Income - February 26, 2020

  Zacks

The situation in China is even worse than you think, says this analyst with a history of accurate calls

The China Beige Book surveys thousands of private-sector participants in China to get a sense of what’s going on in the real economy. Right now the situation is grim, says its CEO.

China data portends more punishment for bruised stock markets

World stock markets should fall further on Monday after a record contraction in China's manufacturing and service sectors because of the coronavirus outbreak, illustrating the massive potential economic impacts of the epidemic for the rest of the globe. The outbreak has already caused massive disruptions in industry, led U.S. equities to suffer their worst weekly selloff since the financial crisis and knocked trillions off the market value of global stocks. The first proper glimpse of how much economic damage the outbreak has inflicted so far came from China, the world's second-largest economy where the epidemic began.

• 
  China Posts Weakest Factory Activity on Record

  Bloomberg
• 
  China February factory activity contracts at record pace as coronavirus bites

  Reuters

Coronavirus stock market crash may have created a once in a lifetime buying opportunity: strategist

Stocks have crashed due to the coronavirus outbreak. Is it time to go all into stocks now at cheaper prices?