CREDIT SUISSE: Buy these 11 stocks ideally positioned to take advantage of a rebound after the coronavirus market meltdown

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CREDIT SUISSE: Buy these 11 stocks ideally positioned to take advantage of a rebound after the coronavirus market meltdown
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Getty Images / Drew Angerer

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  • Analysts at Credit Suisse have their eye on discounted, cash-heavy, and well-positioned financial stocks that look poised to recover nicely from the coronavirus-induced rout.
  • Their predictions are best suited for longer-term investors, as the macroeconomic environment and ability to control the coronavirus remains largely uncertain in the short term.
  • The team provides 11 high-quality stock picks that should prosper once the overarching environment becomes less ambiguous.
  • Click here for more BI Prime stories.

Since late February, market denizens have been clinging to every economic, political, and anecdotal development that stems from the coronavirus.

Now, with volatility on the loose, the Federal Reserve pumping trillions of dollars of stimulus into the economy, unemployment skyrocketing, and an uptick in coronavirus cases/deaths constantly threatening, Credit Suisse's US Financial Services team is trying to cut through the noise.

"The banks are prepared," said Susan Katzke, managing director at Credit Suisse. "At present, I would say that the banks look to be well prepared to manage through, but you do have to consider Jamie Dimon's extremely adverse scenario detailed in his shareholder letter on Monday."

It's important to note that although Katzke and the team at Credit Suisse are expecting greener pastures in the years to come, they aren't expecting a sharp turnaround in earnings in the short-term. Their calls are catered toward a longer-term investment horizon as the timetable for a tangible recovery from the coronavirus remains nebulous at best.

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But as that uncertainty gets baked into forecasts, and earnings estimates and guidance start to come down, the team is keeping a keen eye on the stocks that should benefit most when the dust eventually settles.

"The viral and macro path are key here," she said. "With respect to the stocks, yes, they all look very cheap - but in our view, valuation matters less until there's a very clear macro-path."

Without further ado, listed below in alphabetical order are the 11 companies that made the final roster, plus quotes from Credit Suisse analysts on why you should invest in these companies.

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