3 stocks that made me a bunch of money during COVID-19 pandemic (and that can still make for you too)
DISCLAIMER:
I am not a financial, investment or legal advisor. All views expressed in this article are only that and nothing more, just my views, and their only purpose is to entertain you. Do not take investment advices from random guys on internet. Always talk to a certified advisor.
COVID-19 pandemic has already caused tremendous economic consequences worldwide. In the beginning of the pandemic global markets fell sharply (but then most of them recovered rather fast) as economies “slowed down” and demand for goods and commodities diminished. However, as in every crisis investment opportunities emerged. So here are 3 stocks that generated great profits for me during the pandemic (sorted from greatest profit percentage to lower)
- Marathon Oil (MRO)
As lockdowns were imposed around the world, demand for oil and petroleum products such as gasoline, gas etc diminished and so did their price. As a result stocks of oil production and exploration companies fell sharply. Marathon Oil was one of them. In March 2020 Marathon Oil stock fell to 3,12$ per share while it was at 13,75$ per share in the beginning of 2020, which means that it lost almost 78% of its market value within 3 months! And then vaccine came out and as you can easily understand, oil companies stocks started a rally (which is still going on). To the time this article is written, MRO stock is at 8,57$ per share which means that there was a profit margin of more than 270%. MRO is also a dividend paying stock which makes it even more attractive.
2. Delta Airlines (DAL)
Traveling was one of the many things that COVID-19 pandemic shrinked to unprecedented levels. As a result, airlines’ stocks dropped a lot and Delta Airlines was not left intact. Delta’s stock reached it’s lowest price in May 2020 which was 19,19$ per share. The vaccine-driven market has skyrocketed the stock to 40,29$ per share (as of the time this article is written) which allows a possible profit margin of more than 100%.
3. Exxon Mobil (XOM)
Exxon Mobil is one of the most famous and old oil companies in USA. It is among the “Dividend Aristocrats” as it pays one of the largest and most stable dividends in the S&P 500 companies. Exxon’s stock price fell to 32,74$ on March 2020 (while it was around 70$ per share in the start of 2020). XOM stock lost more than 50% of it value within the first quarter of 2020 and it seems that around the end of 2020 Q1 was the perfect point to buy. Since then (after the vaccine rollout), it has climbed to 48,87$ (more than 49% up).
