By Kevin Speights

As tragic as the coronavirus crisis has been, the impact that it’s had on the stock market has presented one of the best buying opportunities in recent memory. The most important thing to do with your money first is to establish an emergency fund that can tide you over if you’re out of work for a while. But if your emergency fund is already in place, it’s a good time to invest in stocks with the potential to generate great returns.

The good news is that you don’t need a lot of money to get started. If you’ve got $2,000 to invest (or even a little below that amount), here are two great stocks that you can buy right now.

MongoDB

Many growth stocks have taken a beating during the coronavirus-fueled stock market sell-off. MongoDB (NASDAQ:MDB) is no exception. At one point, shares of MongoDB were down 45% from their highs set earlier this year. Even after a nice rebound, the stock is still more than 20% off of its highs.

MongoDB markets a database platform designed for the unstructured data that’s growing like crazy in today’s world. Its database is also designed to be run anywhere, including in the cloud — where organizations continue to rapidly migrate apps and data. 

Like many companies, MongoDB’s financial performance will be impacted by the COVID-19 pandemic. COO and CFO Michael Gordon said in the company’s Q4 conference call in March that MongoDB expects that its fiscal 2021 revenue will be between $15 million and $25 million lower due to weaker bookings in the first half of the year as organizations deal with the effects of the coronavirus.

But MongoDB’s long-term prospects shouldn’t be dented at all by the COVID-19 pandemic. Market researcher IDC projects that the global database market will reach $97 billion by 2023, up from $71 billion this year. MongoDB currently captures less than 1% of the market but is growing faster than its larger rivals. 

The company isn’t profitable yet. However, it should be able to attain profitability as its spending growth rate tapers off and its Atlas cloud-based fully managed database service sales continue to skyrocket. I think that investors who don’t scoop up shares of this stock while it trades at a discount could be kicking themselves in a few years.

Intuitive Surgical

Intuitive Surgical (NASDAQ:ISRG) stock has also been hammered as a result of COVID-19 worries. Although the robotic surgical systems stock is now down around 20% from its highs earlier this year, it fell as much as 31%.

The issue for Intuitive Surgical is that many hospitals have pushed back elective surgeries as they braced for a potential onslaught of COVID-19 cases and as implemented social distancing measures. This is likely to cause the company’s revenue to be lower than expected in the first half of 2020.

However, as is the case with MongoDB, the impact of the coronavirus on Intuitive Surgical will only be a temporary one. It shouldn’t take long for the company to return to business as usual after things begin to return to normal. And Intuitive’s business is booming.

Procedures using its da Vinci robotic surgical system continue to grow by strong double-digit percentages each year. This is helping boost Intuitive Surgical’s recurring revenue, which already stands at an impressive 72% of total revenue. The company is seeing the impact on its top and bottom lines, both of which jumped 22% year over year in the fourth quarter of 2019.

I fully expect the global robotic surgical systems market to expand in the future for two primary reasons. First, the numbers of older individuals are increasing across the world. This demographic trend will fuel higher demand for the kinds of surgical procedures that are ideal for robotic surgery. Second, Intuitive’s technological advances will open the door for even more types of procedures to be performed with robotic assistance. I think that Intuitive Surgical is as close to a slam-dunk winner over the long run as there is.https://tpc.googlesyndication.com/safeframe/1-0-37/html/container.html

A few shares can go a long way

Granted, you won’t be able to buy very many shares of MongoDB and Intuitive Surgical with $2,000. MongoDB’s shares currently trade at more than $130 while Intuitive Surgical’s share price is close to $500. But it’s perfectly OK to only buy a couple of shares of Intuitive and a handful of shares of MongoDB. With the growth prospects for these two great companies, even just a few shares can go a long way in generating tremendous returns over the next few years.

10 stocks that could be the biggest winners of the stock market crash

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and Intuitive Surgical wasn’t one of them! That’s right — they think these 10 stocks are even better buys.

Affiliate News Feeds

  • Hardware
  • Internet of Things
  • Networking
  • Industry News
  • Software

The tech titan Amazon used its show in Las Vegas to talk about watery matters, supply chains and much more. The post AWS re:Invent 2022: A tiered tour of technology… [...]

In a recent interview with Ravi Pendekanti, SVP of Product Management & Marketing at Western Digital, he explained how they have expanded their HDD technology to lower total cost of… [...]

Our picks for the top Amazon Cyber Week deals to ease the stress of those who work from home. The post 5 Amazon Cyber Week deals sure to make remote… [...]

IIoT can be a revelation when implemented successfully, but companies may run into obstacles. Here’s what IIoT is and the top five obstacles associated with using it. The post Top… [...]

Learn how Internet of Things technology has continued to support digital transformation for organizations across industries. The post Top 5 trends to watch in industrial IoT appeared first on TechRepublic. [...]

UK-based IoT connectivity platform provider seeks élan and style by snapping up French firm. The post Wireless Logic continues acquisition spree with IoThink Solutions deal appeared first on TechRepublic. [...]

Consider securing your remote work setup with a three-year subscription to a top VPN. Windscribe Pro is more than 70% off today only. The post Lock in 3 years of… [...]

Virtualization platforms are available from a number of vendors, but it’s still critical to maintain your virtualization environment to avoid unnecessary resource consumption, out of-compliance systems or applications, data loss,… [...]

The company’s products seek to address real-time data transport, edge data collection instruments. The post NVIDIA unveils supercomputing and edge products at SC22 appeared first on TechRepublic. [...]

An account takeover (ATO), in which criminals impersonate legitimate account owners to take control of an account, are on the rise in Asia and across the world. Fraudsters are swindling… [...]

Experts warn that API attacks will soon become the most common type of web application attack. As a result, organizations and their security vendors need to align across people, processes,… [...]

Research shows that web applications and API attacks continued to explode in the first half of 2022. Does your organization have the best defense today? Akamai recommends deploying a holistic… [...]

See how to integrate the Trello software with Google Mail for a much simpler project management workflow. The post How to integrate Trello with Gmail appeared first on TechRepublic. [...]

Read how to install the Trello app in macOS and why it will make your project management even easier. The post How to install the Trello app on macOS and… [...]

Find out if one of these top seven Wrike alternatives are an ideal project management solution for you and your team. The post Top 7 Wrike alternatives for project and… [...]