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Sunday Watchlist

Week of March 23, 2020

After a rough few days, stocks got a reprieve late in the week.

All thanks in part to hope for more help. The Trump Administration is proposing further help. Europe got a boost after the Bank of England cut interest rates for the second time, and increased its bond-buying program. The European Central Bank also announced a plan to buy government and private sector bonds.

While there’s hope we’ll see a bottom soon, that all depends on when the number of coronavirus cases begins to flatten out around the world. Once that happens, and the storm clouds clear, markets can begin to return to some sort of normalcy.

As we wait to see what happens next, some stocks are still catching a bid.

Opportunity No. 1

H&R Block (HRB)

With taxes due in just weeks, one of the stop, most oversold stocks to watch is H&R Block.  The stock tends to run higher every year around this time. In fact, in April 2017 it ran from  $20 to a high of $28.42. In April 2018, it ran from $23.30 to $27.  In April 2019, it ran again from $22.90 to more than $28. This year, despite fear in the market, we could again see a move higher.

Opportunity No. 2

Zoom Video Communications (ZM)

Shares of Zoom Video are “zooming” higher thanks to requests for “social distancing.” “Demand for Zoom’s software, which facilitates virtual conferences and web meetings, is exploding as the spreading virus is prompting office closures and meeting cancellations. Business conferences, college courses and even children’s playgroups have all moved online as people worldwide heed calls to stay away from one another,” reports Fortune.

Opportunity No. 3

GrubHub (GRUB)

Virus or no virus, we still have to eat. Thanks to its ability to deliver food to millions, and some restrictions limiting restaurants to takeout and delivery, shares of GRUB have also caught the interest of many investors.