There is a constant news flow that is causing individual share prices to go up and down quite substantially.
Coronavirus impacts have affected a number of different shares or whole industries.
Here are two ASX shares that could see a recovery as early as next week:
Ramsay Health Care Limited (ASX: RHC)
Ramsay was impacted hard when a ban was implemented on non-urgent elective surgery.
However, the federal government has said that the ban could be removed as early as next Tuesday.
Australia makes up the bulk of Ramsay's earnings. It's particularly important because Europe and the UK are getting hit hard by the coronavirus and the private hospitals there are being drafted to help in the effort. But they aren't earning those high fees from elective surgeries.
The Australian government has also come up with a plan for private hospitals here to help, but the surge of patients thankfully hasn't happened.
If it's safe to do so, then it's a good thing that people will be able to start having elective surgeries again. And that would be good for Ramsay's earnings.
It's currently trading at 22x FY22's estimated earnings.
Afterpay Ltd (ASX: APT)
The US has just announced plans for how it's going to open up the economy again. One of the biggest problems for Afterpay is that a lot of its growth is going to come from the US – it already has such a large presence in Australia.
Donald Trump is particularly motivated to get the economy up and running again. This could be good news if American shops start opening again but they may need a service to help encourage people to spend. Afterpay could be very important for the wider retail industry for this period.
We could see things get to an acceptable level in the US as early as the next week. We're already seeing some countries in Europe open up again and start talking about how to get back to a version of normal life.
Afterpay's share price has always surprised me and it could well keep surprising.
Foolish takeaway
It has been very impressive how Afterpay has become a global industry powerhouse. But it's not the type of business I'd want to invest in because of its lack of near term profit prospects. Ramsay would be my pick of the two.
