U.S. markets close in 2 hours 12 minutes

Global Markets Break Down On Coronavirus Anxiety

Daniel Laboe

The coronavirus has been spreading outside of China at an accelerating rate. The virus has effectively shut down China’s, and investors are worried about the implication of its global escalation

South Korea and Italy are both seeing a sharp increase in cases over the weekend, with 833 and 223 total cases, respectively. Japan has banned large public gatherings in an attempt to reduce the virus’s transmission

Is this a buying opportunity or time to pull profits?

The economic impact that the coronavirus’s containment can be devastating. Entire countries could shut down as we saw with China.

Looking long-term it appears that demand is just being pushed back, not eliminated. The market has more room to fall considering its rich valuations, but as a savvy long-term investor I would be looking towards blue chips

Stocks like Microsoft MSFT, Nvidia NVDA, and Alibaba BABA look increasingly attractive as the market breaks.


The Best & Worst of Zacks

Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +26% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 11X worse than the market.

See these critical buys and sells free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Microsoft Corporation (MSFT) : Free Stock Analysis Report
 
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
 
Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research