Stocks of healthcare, consumer goods are a ‘buy’ in this downturn, analysts

Stocks of healthcare, consumer goods, banks and telecommunications industries are capable of generating profits in the face of the current economic downturn, qualifying them to be the best ‘buy’ for investors, according to head of Researches at Shuaa Securities Amr Hussein El-Alfy.

“ In addition to stocks with profitable coupons, healthcare sector is forecast to see a rebound in business results this year owing to Coronavirus pandemic, and there is a relentless demand for consumer goods under all circumstances,” said El-Alfy to Osoul Misr Magazine.

Buying stocks of banks and telecommunications from global stock exchanges is also advisable because “ they will recoup their losses later on,” said banking analyst Mohmed Khalil Bedara.

Local stocks that are recommended by Bedara are those of manufacturers, gold and mutual funds.

When confronted with a local or international impasse, investors often look for safe havens, according to banking expert Hany Abu El-Fattouh.

“ Although assets of all safe-havensplummet at theuncertain times, they appear resilient enough to withstand all downward price pressures.”

Although all global stocks fell dramaticallyduring this crisis, gold prices jumped to their highest since 2013, he explained.

Additionally, the Swiss Franc, the U.S. Dollar and the Japanese Yen are among the safe haven assets.

“Nevertheless, investors ought to keep their portfolio as diversified as possible if they want to defend their investments against the rampant market volatility on display atthis turbulent time.”