“This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images. Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has recommended HSBC Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares See all posts by Harvey Jones I’d buy the HSBC share price ahead of the stock market recovery Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Harvey Jones | Tuesday, 28th April, 2020 | More on: HSBA Simply click below to discover how you can take advantage of this. Enter Your Email Address The HSBC share price has fallen by a third since Covid-19 struck, pushing it into bargain territory. However, anybody who’s keen to buy it before the stock market recovery also has to accept that its generous dividend has gone, for now.Today, HSBC Holdings (LSE: HSBA) reported a thumping 48% drop in first-quarter pre-tax profit to $3.2bn, after setting aside $3bn to cover bad debts due to Covid-19. The HSBC share price has taken it on the chin though, and is broadly flat today. Frankly, investors feared worse.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Despite today’s headline numbers, I think the long-term investment case for the Asia-focused FTSE 100 bank is still promising.The HSBC share price still temptsThe coronavirus has inevitably hit the top line, with reported revenue down 5%, amid lower customer activity. Investors have been warned to expect “materially lower profitability in 2020, relative to 2019.” Management is fighting back by postponing restructuring plans, and 2020 costs will now be lower than previously indicated.HSBC has taken an early hit from the coronavirus, given its outsize Asian exposure. Today could have been a lot worse though. The HSBC share price could recover faster than domestic-focused UK banks, if Asia avoids a second wave of infections. Lending actually increased $41bn and deposits grew by $47bn, on a constant currency basis.Regulators have forced the banks to rebuild their capital bases since the financial crisis, and this is working in HSBC’s favour today. Stock market volatility may help its investment bank, as traders look to take advantage.The big worry is that the crisis will drag on and bad debts increase. HSBC expects impairments of between $7bn and $11bn this year. Higher, and the HSBC share price will suffer.HSBC could lead the stock market recoveryThe Prudential Regulatory Authority forced the banks to scrap dividends and focus efforts on saving businesses and private customers. That’s a shame, as the stock was yielding around 6%. Today, HSBC said it would review its dividend policy around the time of its year-end results for 2020.The ultimate decision could be out of its hands, as regulators may determine what’s allowed. This may extend to share buybacks as well. Once the dividend is restored though, the HSBC share price will get a lift.The global collapse in interest rates will hit net lending margins, but I suspect rates may recover faster this time. With trillions of stimulus set to hit the global economy, we might even see inflation, which would take us into a different world.Ultimately, how fast the HSBC share price recovers depends on that pesky virus. If the world gets back to work in swift order, it’ll look a great buy at today’s price. A second or third wave could wreak havoc though.I would buy HSBC today, based on the optimistic case. Covid-19 pessimists will disagree. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!