Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
BREWING FINANCIAL CRISIS 2.0 Suggests RECESSION 2022 - 28th Jan 22
Financial Stocks Sector ETF XLF $37.50 Continues To Present Opportunities - 28th Jan 22
Stock Market Rushing Headlong - 28th Jan 22
The right way to play Climate Change Investing (not green energy stocks) - 28th Jan 22
Why Most Investors LOST Money by Investing in ARK FUNDS - 27th Jan 22
The “play-to-earn” trend taking the crypto world by storm - 27th Jan 22
Quantum AI Stocks Investing Priority - 26th Jan 22
Is Everyone Going To Be Right About This Stocks Bear Market?- 26th Jan 22
Stock Market Glass Half Empty or Half Full? - 26th Jan 22
Stock Market Quoted As Saying 'The Reports Of My Demise Are Greatly Exaggerated' - 26th Jan 22
The Synthetic Dividend Option To Generate Profits - 26th Jan 22
The Beginner's Guide to Credit Repair - 26th Jan 22
AI Tech Stocks State Going into the CRASH and Capitalising on the Metaverse - 25th Jan 22
Stock Market Relief Rally, Maybe? - 25th Jan 22
Why Gold’s Latest Rally Is Nothing to Get Excited About - 25th Jan 22
Gold Slides and Rebounds in 2022 - 25th Jan 22
Gold; a stellar picture - 25th Jan 22
CATHY WOOD ARK GARBAGE ARK Funds Heading for 90% STOCK CRASH! - 22nd Jan 22
Gold Is the Belle of the Ball. Will Its Dance Turn Bearish? - 22nd Jan 22
Best Neighborhoods to Buy Real Estate in San Diego - 22nd Jan 22
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

The Stocks Hit Worst From the Coronavirus

Companies / Pandemic Feb 18, 2020 - 03:25 PM GMT

By: Submissions


Coronavirus concerns are on the rise, and the stock market has taken a hit. The fast-spreading respiratory virus, which was first identified in Wuhan, China, has so far killed more than 630 people and infected 31,40 people globally.

It seems the victims of the virus are far more than the infected – a large number of stocks have been impacted since mid-January.

Analysts at Morgan Stanley created a list of 18 companies the most largely affected by the coronavirus.  We’ll be covering a few of them in more detail below:

1.       Corning Inc.

Corning Inc.’s stocks have been steadily falling since December 2019, and it looks as if the coronavirus has hurt stocks some more this year.

2.       The Dow Jones

The Dow Jones dropped 418 points in Monday trading at the end of January, which represents its worst daily decline since October 2.

3.        Qualcomm Incorporated

Semiconductor and telecommunications equipment company Qualcomm Incorporated has seen a dip in stocks over the last few days, and has reported that the coronavirus outbreak poses a potential threat to the mobile phone manufacturing and sales industry.

4.       BorgWarner Inc.

Efficient engine production company BorgWarner’s stock dropped 21% in January, and it’s thought that the coronavirus may have affected this somewhat.

5.       Caterpillar Inc.

Engineering and manufacturing machinery company Caterpillar Inc. dropped 1.8% in premarket trading Friday, citing “global economic uncertainty” as the cause of the reduction of dealer inventories.

6.       Booking Holdings Inc

Shares of online travel booking service Booking Holdings Inc. fell 11% in January amid fears of how the coronavirus would affect travel.

7.       Estee Lauder

Cosmetics manufacturer and retailer Estee Lauder has seen downgraded stock as a result of the coronavirus. Stocks went down sharply at the end of January, and continue to fall, seeing a 1.2% decrease on February 7.

So, why are some of the big-name stocks affected by the coronavirus? Largely, it’s down to manufacturing and consumers. Many of these businesses rely on China to produce or sell wares. The timing of the coronavirus is also terrible – with the Chinese Lunar New Year, travel within and around China has been greatly impacted.

As the virus continues to spread, Apple Inc. and Tesla Inc. have both reported that they expect to see a dip in sales as a result of their reliance on China for sales. Apple has already closed one of its stores in China due to the virus, and Tesla has reportedly shut its Shanghai factory over coronavirus fears.

On the other hand, safety, healthcare and consumer goods service 3M Co. is reportedly increasing production of protective face masks in light of the virus, after sharing its unexpectedly weak fourth-quarter earnings.

If you’re looking for the safest, low-cost opportunities in the stock market, unsurprisingly, you should stay away from the stocks mentioned in this article for the time being. In the meantime, head over to The Stock Dork for a compilation of the best stocks under $1 that could take off big time any moment now. 

By Jamie Bell

© 2020 Copyright Jamie Bell - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in