The biggest question on people’s minds today is how fast and where the coronavirus will spread next. Honestly, I’m worried and thinking about it too.
I am considering this situation differently than most people. The questions I am asking are: who does this virus negatively affect the most, and on the other side, who is benefiting the most from this worldwide health epidemic?
According to U.S. News (Click Here-https://money.usnews.com/investing/stock-market-news/slideshows/stocks-poised-to-profit-from-coronavirus), 7 stocks are poised to profit from the Coronavirus. Companies that protect consumers from infection or companies that are developing vaccines to battle coronavirus stand to benefit in the near term. The stocks that are listed are: [List of stocks].
Coronavirus (COVID-19) stocks set to profit from the histeria:
Moderna (MRNA)
Gilead Sciences (GILD)
The Clorox Company (CLX)
Costco (COST)
Lakeland Industries (LAKE)
Zoom Video Communications (ZM)
RingCentral (RNG)
It’s important to remember the impact of the Coronavirus from a global perspective. The economic effects will be widespread, as many people won’t be able to work due to quarantine measures. This will hit hard on those who can’t work remotely, especially people in lower-income brackets. Companies may struggle to sell products, leading to mass layoffs. Beyond the economic impact, the loss of lives will have devastating effects on families. Many deceased were the primary breadwinners or caregivers, leaving their families with both emotional and financial burdens. In essence, there are always multiple facets to any story, and many times, neither side offers much comfort.
Let me know what you think about this post. I want to have a genuine discussion.