The CDC has changed its mind about wearing masks in public indoor settings. The U-turn has spurred fears of a new wave of the coronavirus wreaking havoc on the US economy. Those who have been vaccinated do not need to wear masks indoors, according to the CDC. The stock market has been pummeled in recent weeks by fears of a virus lockdown and inflation fears. Apple Inc. and Union Pacific Corporation are two of the greatest bear market stocks on the market right now. These are covered in greater depth further down.
Here is Insider Monkey’s list of the 12 best bear market stocks to buy now. AutoNation, Inc. is ranked twelfth. Over the past year, investors have received a 136 percent return on their investment in the company’s stock. On July 27, AutoNation launched an $850 million senior note issue. Lockheed Martin Corporation is ranked eleventh. The company is based in Maryland and sells security and aeronautical services. The company recorded $7.13 earnings per share in its second quarter earnings report, which was released on July 26. The Costco Wholesale Corporation is one of the world’s largest retailers. Over the last few months, the stock has returned more than 32 percent to investors. The stock’s price objective was boosted to $440 from $420 by Stifel, which kept its Buy rating. The Coca-Cola Company is ranked ninth. According to Thomson Reuters data, the company’s stock has returned 18 percent to investors in the last year. Its revenue for the quarter was $10 billion, increasing 42 percent from the same period the previous year. AT&T Inc. is ranked eighth. Over the last week, the stock has returned 0.91 percent to investors. Telecommunications, technology, and media services are all marketed by AT&T. For more details, click 12 Best Bear Market Stocks to Buy Now.