FX.co ★ Top 5 companies to profit amid coronavirus crisis

Apple

According to experts, coronavirus negative implications are already factored in the price of Apple shares. After falling by 26% from their early high in January, Apple stocks are currently trading at $240,91 per share. Apple’s shares still remain attractive for long-term and short-term investments.

Honeywell

Analysts at Bank of America believe that Honeywell International Inc, the industrial conglomerate, has a good chance of staying afloat amid the pandemic. The company maintains high economic performance and effectively generates profit. Besides, the operational risks of the company are relatively low. Honeywell stocks are currently trading at $129,71 per common share.

Procter & Gamble (PG)

Procter & Gamble holds the leading position among consumer goods companies. According to experts, shares of such companies can serve as safe-haven assets and may help investors go through the recession. Consumer goods giant, Procter & Gamble owns such brands as Crest, Tide, and Bounty and is considered number one in the industry. The company produces essential goods which are always in demand regardless of the economic situation in the world. PG shares are the least affected by the market volatility, experts say. Investing in PG stocks may ensure steady long-term returns and reliable dividend growth.

Amazon

The high-tech companies have also been hit by the COVID-19 outbreak. However, Amazon, the leading online retailer, has become a clear winner during the pandemic crisis. The tech giant is forecast to increase its net profit, and its shares are seen to rise notably. Amazon shareholders have nothing to worry about as the company will most likely continue to pay dividends.

Alphabet

Another IT company, Alphabet, is also set to successfully withstand the coronavirus crisis, experts say. The company is highly resilient to economic instability. Thus, the company’s shares will probably stay in high demand in the near future.