3 coronavirus stocks I’d buy right now

first_img Image source: Getty Images Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Rupert Hargreaves | Saturday, 1st August, 2020 | More on: AVON AVST KNOS I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this.center_img Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Avon Rubber and Kainos. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. 3 coronavirus stocks I’d buy right now See all posts by Rupert Hargreaves Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. The coronavirus crisis has significantly impacted many companies. However, some firms have seen their sales and profits jump over the past six months. Here are three such businesses that could be coronavirus stocks worth buying right now. Coronavirus stocks to buy Avon Rubber (LSE: AVON) specialises in designing and manufacturing personal protection systems.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The company was in a strong position before the pandemic struck, and the demand for its kit is only likely to rise as the crisis continues. Its latest trading update showed the strength of the business. Adjusted operating profit for the half-year ended 31 March jumped 45% year-on-year. Even if the demand for the company’s products does decline, Avon is well-positioned to stage a healthy recovery.Designing personal protection systems is a highly specialised business. Customers are unlikely to outsource the production to the lowest bidder as this may mean sacrificing quality. When lives are on the line, customers will not want to make this trade-off. As such, Avon stands out as one of the ‘coronavirus stocks’ that could be worth buying right now. AvastSecurity software provider Avast (LSE: AVST) has benefited from the boom in home working this year. Its latest trading update showed a 6.5% year-on-year increase in revenue during the first quarter. City analysts are forecasting even faster growth for the full-year. Analysts have pencilled in earnings per share growth of 44% for 2020 as a whole. If the company meets this projection, the stock could offer a margin of safety at current levels. It’s currently changing hands at a forward price-to-earnings (P/E) ratio of 22, compared to the tech sector average of 26. Therefore, it may be worth buying a share of this company as part of a basket of coronavirus stocks. As the world becomes more reliant on technology, Avast’s earnings could continue to rise rapidly in the years ahead, even if Covid-19 is wiped out with a vaccine later in 2020. The business may be one of the best ways for investors to play the tech boom. KainosTech consulting group Kainos (LSE: KNOS) has also made it onto my list of coronavirus stocks that might be worth buying right now. According to the company’s latest trading update, it now expects revenue to be “well ahead” and adjusted profit to be “substantially ahead” of previously projected levels for the year. Booming demand for tech and IT services has been behind this performance. It seems likely that the high demand for the company’s services is here to stay. As noted above, the world is becoming more and more reliant on technology. This is excellent news for the likes of Avast and Kainos. Kainos’s recent performance may even enable the company to take more market share. It has been generating record amounts of cash. Management is planning to return some of these funds to investors with a special dividend, but I wouldn’t rule out acquisitions as well.These could help power the firm’s growth in the years ahead and lead to even bigger shareholder profits. That’s why the firm stands out as one of the best coronavirus stocks to buy today, I feel. last_img

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