Major Wall Street analysts see buying opportunities for some stocks hit by the coronavirus.
"This news will no doubt cause investors to question QRVO's $800-$840M Mar-Q revenue guidance given on January 29, despite QRVO's management addressing this topic last week at a conference and seemingly standing behind guidance," Wells Fargo said in a note.
The firm urged investors to use caution and said that any supply chain issues would only be short term. "We believe investors should buy on any weakness in QRVO's shares on the heels of the announcement issued by Apple," Wells said.Here is a wrap of the stocks that have been hit by the coronavirus but analysts still say buy:"The Coronavirus is wreaking havoc across virtually every hardware company with exposure to China in terms of supply disruptions and demand disruption. Despite this headwind, however, design activity remains robust and SNPS has had no ill effects.
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