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Pros pick two stocks to buy in the wake of the delta variant

Pros pick two stocks to buy in the wake of the delta variant
Wajeeh Khan
Jul 26, 2021, 15:36 PM
  • Cliff Hodge says Visa is a top pick in the wake of the delta variant.
  • Potomac's Mark Avallone sees more potential in Netflix Inc instead.
  • On a year-to-date basis, Visa stock is up 15%; Netflix is almost flat.

The new delta variant continues to be a hot debate, with investors wondering if it has the potential to result in an economic slowdown again, despite the increased rate of vaccination? And if it does, what could be some of the stocks that could show resilience and offer sustainable returns on investments?

Cliff Hodge says Visa is a name to consider

For Cornerstone Wealth’s Cliff Hodge, Visa Inc (NYSE: V) is a top pick ahead of the delta related pressure on the economy. On CNBC’s “The Exchange”, he said:

On a year-to-date basis, Visa is currently about 15% up in the stock market.

Mark Avallone picks Netflix as his favourite

Potomac Wealth Advisor’s Mark Avallone, on the other hand, is more interested in Netflix Inc (NASDAQ: NFLX) in the wake of the delta variant, which is down more than 10% from its year-to-date high in late January. During the same interview with CNBC, he said: