When 2020 began, the stocks at Wall Street were nearly 10 years high in US history and investors find it harder to discover stocks on discount. It is true that the recession is approaching and might hit the global markets even harder than the financial crisis of 2008.

Most of the industries have been badly affected due to coronavirus pandemic. But therein lies an opportunity to invest in stocks.

Legendary investor Warren Buffett once said, “Be fearful when others are greedy and greedy when others are fearful.”

As you can see from the graph above, the Dow Jones Index drops from 29,568 highs to 18,213.65 lows in a 52-week range. In the last 6 months, the index drops more than 17%. The approaching recession due to the pandemic has brought fear into the mind of traders and investors. Due to this, the stock market plunged as many short-term investors have panicked.

By keeping the long-term goals, traders can begin to buy stocks of great companies at discounted prices. In this way, you can position yourself to make a good profit after the market recover. The following are the 3 best stocks to invest this month.

1. Netflix

Netflix Inc. stock seems to be the stocks that have outperformed despite the huge stock market fallback. This will open up an opportunity for Netflix to get more subscribers. Netflix customers can gain access to unlimited movies, documentaries, and shows to watch by paying a very little price.

The graph above shows that Netflix Inc. (NFLX) stock is in bullish trend even after the market crash. It’s interesting to know that Netflix stock jumped higher than most of the other stocks in Broadcasting Media and Cable TV industry by beating a 23% increase in the service sector. Also, the company shows a yearly revenue increase of 30% in Q4 2019.

2. Electronic Arts

Electronic Arts (EA) is one of the best stocks to invest as so many gamers are staying at home. Customers can get unlimited playing time on games with a monthly price of $4.99 per month or $29.99 per year.

Electronic Arts stock chart shows that the stock outperformed after the pandemic. The fundamentals of the company have been on the stronger side. Electronic Arts revenue for the Q4 2019 was $1.593B, a 23.58% increase year-over-year. Electronic Arts Inc outperformed the 8.19% growth in Software & Programming industry, and 7.9% growth in the Technology sector. Electronic Arts Inc showed respectable 42.17% year on year rise of EPS in the third quarter, but comparing unfavorably to the 51.42% increase in Software & Programming industry, but beating the 8.16% growth in the Technology sector.

3. Zoom

Zoom’s stock price is exploding due to the pandemic. Companies have been using Zoom’s technology has been to communicate with their employees whilst their offices are closed.

Zoom stock price is in a highly bullish trend after the pandemic. In the last three months, Zoom stock price surged from $76.30 to $150.88. The fundamentals of the company outperformed as the annual sales rise to 78% and S&P 500’s average yearly sales growth is 4.57% over the five years, including only Businesses with the Q4 2020 results. Zoom’s EPS growth rate was 367.33% from the third quarter.