This conversation was split from another thread. Please feel free to add any picks and ideas for beaten down stocks which you think will stage the strongest recovery with the economy returning back to normal.
A word of disclaimer - these are nothing but bets. Risk of bankruptcies, share dilution, dividend cuts, years of losses or stagnating income are a real thing here. Markets are very efficient at pricing risk, which is exactly the reason why these stocks lost so much during the Coronavirus crisis. None of these picks should be considered investment advice.
Here’s my bucket of trash, pick your poison
Honestly, you’re likely to do better by putting your money in VGT and EMQQ even though they are at al time highs.
S&P is slowly creeping back towards the 200 MACD which would be at 3012pts. There’ll be a whole lot of pain ahead if this doesn’t hold IMHO.