The stock markets are still in turmoil as the coronavirus pandemic continues, and businesses shut down around the globe. U.S. futures fell today. The S&P 500 dropped down by 5.18%, closing almost 30% below its recent record peak. The recent measures to help weaken the virus’ impact haven’t restored investors’ confidence so far.
However, there are stocks, which still seem a strong-buy to the experts. Especially now that the prices are down and shares are more obtainable. Here are three stocks, which the analysts recommend.
Masonite International
This company is a leading manufacturer and merchandiser of residential and commercial doors worldwide. Its founder, engineer, and inventor William H. Mason developed a better way to incorporate wood in building materials, engineering wood named Masonite.
The stock beat market performance in 2019, but it has tumbled down by 44% this year. Nevertheless, RBC’s analyst Michael Dahl thinks that the recent sell-off has created a better risk/ reward opportunity.
He named DOOR as a strong-buy stock. However, Dahl reduced his price target from $85 to $75 due to the coronavirus fears. Still, the potential gain for investors is 87%.
CrowdStrike Holdings Inc
Cybersecurity company began trading for $63.50 per share. It appeared on the market in June 2019. Presently the stock is selling for $39. Experts think that CrowdStrike is the type of disruptive growth asset with strong fundamentals to own.
RBC’s analyst Matthew Hedberg increased his price at $67 per share. If the target is met, shareholders will gain 76%.
Mercer International
The company is a supplier of pulp is known as NBSK, northern bleached softwood kraft. Along with owning the small-cap, Mercer International lost 38% this year. However, RBC’s analyst Paul Quinn argues that Mercer’s NBSK mills are some of the highest quality in Europe and North America.
Quinn boosted his price target at $10, promising a 32% upside. Furthermore, the average price is $11.33, implying a possible addition of 49% over the next 12 months.
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