With the virus showing no signs of slowing, here are some of the top opportunities.
Each of these should continue pushing higher until we see some relief from COVID-19.
Volatility ETFs, such as the ProShares Ultra VIX Short-Term Futures ETF (UVXY) saw further upside as the markets melt down ahead of the U.S. elections, and on rising coronavirus case numbers. Over the weekend, the U.S. saw another 83,000 cases, overwhelming and exhausting hospitals. There’s even the fear of a return to lockdowns to stop the spread.
What could make the situation far worse is winter.
“The coronavirus crisis may be entering a more dangerous period in the U.S. as the country heads toward winter season and temperatures fall,” says Andy Slavitt, former acting administrator at the Centers for Medicare and Medicaid Services, as noted by CNBC.
Shares of Teladoc Health (TDOC) is running on the need for fewer face to face meetings with doctors. “The critical need for social distancing among physicians and patients will drive unprecedented demand for telehealth, which involves the use of communication systems and networks to enable either a synchronous or asynchronous session between the patient and provider,” said Victor Camlek, healthcare principal analyst at Frost & Sullivan.
Zoom Video Communications (ZM) is running as teleconferencing becomes a big part of the “new norm.” According to Reuters, “Video-conferencing platforms, once used mostly as a technological substitute for in-person meetings, became a vital part of day-to-day life this year for people stuck at home under coronavirus restrictions, be it for work, school or socializing.”
