The S&P/ASX 200 Index (ASX: XJO) followed the lead of U.S. markets and has crashed lower again on Friday. This has been caused by investors panicking over the unknown impact of the coronavirus outbreak.
However, based on what we are seeing in China, where things are slowly returning to normal now, I'm confident that the world will move past the outbreak in the coming months.
And whilst this will undoubtedly impact global economic growth in the short term, I expect things to bounce back strongly in the months that follow.
I also expect global share markets to rebound from the heavy declines they have made once life returns to normal. Especially given how low interest rates have gone. It will make little sense for investors to sit on cash with ultra low interest rates and a share market at multi-year lows.
In light of this, I think now is a good time to plan which shares you will buy when the market rebounds. Here are three I would buy:
Altium Limited (ASX: ALU)
Altium is a printed circuit board (PCB) design software provider. I think it could be a great long term option due to the Internet of Things boom which is driving increasingly strong demand for its Altium Designer software. It also has other businesses, such as Octopart, that have been growing quickly and are supporting its growth.
Appen Ltd (ASX: APX)
Appen is a leading developer of high-quality, human annotated datasets for the machine learning and artificial intelligence markets. Thanks to the strong growth of these markets, I expect demand for its services to continue to grow in the coming years and support strong earnings growth.
CSL Limited (ASX: CSL)
CSL is one of the world's leading biotherapeutics company. Due to the quality of its CSL Behring and Seqirus businesses, I continue to believe it can be a market beater over the 2020s. Especially considering the increasing demand for immunoglobulins, its growing plasma collection network, and its lucrative product development pipeline.
