In the U.K., the government is enforcing more restrictions in the wake of rising COVID-19 case numbers. In the U.S., President Donald Trump says the same won’t happen here. However, a lot could change in the coming weeks and months as the coronavirus pandemic continues to be a problem that just won’t go away.
If you want to take the safe route with respect to your portfolio, now may be a good time to look at investing in companies that will do well even if the government issues stay-at-home orders in the near future. Among the companies that could prosper under this scenario are Abbott Laboratories (NYSE: ABT), Adobe (NASDAQ: ADBE), and Target (NYSE: TGT). Here’s why you should consider investing in these stocks to minimize your risk in case there are wide-scale shutdowns.
1. Abbott Labs
Medical device maker and testing company Abbott Labs is