It doesn’t take an Einstein to figure out that COVID-19 concerns and infections are on the way up again.
People are going to think twice before they decide to go back to the office, which means the work-from-home environment isn’t going anywhere anytime soon if the delta variant continues to persist.
I mean, we’re already in August!
But you’ll be happy to hear there are some stocks brushing off COVID-19. So in today’s video, I thought I’d walk my viewers through two of them that were actually top picks and winners during the first wave.
2 Stocks Brushing off COVID-19 Fears
The first stock brushing off COVID-19 fears is Adobe Inc. (Nasdaq: ADBE).
ADBE is one of the largest software companies in the world that provides products and services for the architecture, engineering, construction, media, manufacturing, education and entertainment industries.
And do you think it’s a coincidence that the stock just made an all-time high?
Well, I sure don’t…
Just think about Adobe Photoshop. Almost every professional graphic artist uses it, so it’s safe to say it’s not going anywhere. And now, ADBE is using a software as a service payment plan that makes its revenue a lot more predictable.
The truth is the company’s products are used so frequently that whether COVID-19 cases increase or not, ADBE will still achieve a higher output.
ADBE has 15 strong buy recommendations, and I’m showing a price target of about $665 per share over the next 12 weeks.
Check out my short video below to get the next stock brushing off COVID-19 concerns.
Both of them are prime candidates for increased upside pressure if this trend continues to pick up. And from where I’m sitting right now, that definitely looks like the case.
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P.S. Everyday traders aren’t going to want to miss this one…
I just pulled back the curtain on my algorithmic trading strategy that leaves traditional stock picking in the dust.
I call it “Storm,” and its technology mimics the billion-dollar algorithms Wall Street uses to send stocks skyrocketing in a matter of hours… or plummeting to their death.
But the best part?
I’m able to do it with just a few lines of code.