At the start of every month, Rich profiles some of the best stocks that his viewers should be watching. His list for February produced a few big winners, and despite the COVID-19 crash, his March list also saw some serious gains. Today, he starts the month off the same way by listing the 10 best stocks to buy or watch in April 2020.
Unfortunately, Rich is predicting that the hard times will continue. After major losses in late February and volatility throughout March, April may prove to be the cruelest month so far.
“I believe that April is going to be one of the worst months of the year for the market,” Rich explains. “Due to fears over the coronavirus, there’s going to be a lot of shorting and a lot of panic selling. There’s going to be serious downward pressure in April, so be careful.”
#10 Best Stocks to Buy or Watch in April: ProShares UltraPro Short Dow30 (NYSE:SDOW)
Because it’s a shorter’s market, Rich is recommending a statistically profitable, short-based ETF. SDOW seeks daily investment results corresponding to three times the inverse of the daily performance of the Dow Jones Industrial Average Index.
Basically, fund invests in financial instruments that ProShare Advisors believes should, in combination, produce consistent daily returns. SDOW is a price-weighted index and includes 30 blue-chip stocks, excluding utility and transportation companies.
“If you want to short the Dow Jones, this is the ETF,” says Rich. “It’s up 12% today at $54, but has been as high as $95. So if we see another big crash, this would be an amazing trade to hedge against market losses.”
#9 Best Stocks to Buy or Watch in April: Roche Holding AG (OTCQX:RHHBY)
Rich first profiled Roche Holding back in mid-March. The company is a Swiss multinational and the world’s largest biotech company. It has developed over 30 medicines that are now included in the WHO’s list of Essential Medicines.
RHHBY hit a low for the year-to-date on March 20 when it fell to $35.26. Since then, it has done nothing but gain value, rising to its current price of $40.80.
Roch is one of more than a dozen companies currently working on a potential COVID-19 cure. The company recently initiated a Phase 3 clinical trial evaluating its drug Actemra as a treatment for patients with COVID-19. Roche expects to enroll about 330 patients in the trial early this month.
“Donald Trump keeps mentioning this company’s name,” says Rich. “I think as we go into the eye of the coronavirus storm, we’ll see Roche go up.”
#8 Best Stocks to Buy or Watch in April: GW Pharmaceuticals (NASDAQ:GWPH)
GW Pharmaceuticals is a world leader in the science, development, and commercialization of cannabis-derived prescription medicines. Like the rest of the market, GWPH has been slaughtered by big losses in February and March, losing nearly half of its value in six weeks. However, things do seem to be turning around.
“They’ve been as low as $67,” says Rich. “They’re currently at $85, but this thing’s going to $100. There’s no doubt about it, so GWPH is great at these prices.”
Yesterday, the company announced that the FDA accepted for filing to review Epidiolex to treat seizures associated with Tuberous Sclerosis Complex. This is big news and is contributing to the stock’s rapid gains.
#7 Best Stocks to Buy or Watch in April…
For the rest of Rich’s list, be sure to check out his video. And remember, always do your own research before investing.
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