The coronavirus COVID-19 pandemic struck the tourist industry most severely; the tourist industry, in its turn, pulled down airlines. Stocks of the world's largest airlines fell to a minimum costs and the companies started filing for bankruptcy. Passenger flow shrunk by over 80%; nowadays, airlines struggle to fill their airplanes with passengers and survive the crisis.
Tag: coronavirus
On January 29th, 2020 I published an article about Novavax (NASDAQ: NVAX) Which Stocks Grow During Coronavirus Epidemic?. I could not imagine then that the stock price of this company will sky-rocket to 100 USD. I turned out there were no limits to the greed of investors.
The coronavirus pandemic has made one of the hardest hits to the entire aviation industry. The stocks of many airlines have become cheaper by more than 70%. Any investor is now able to buy the stocks of any of those companies at the lowest price possible.
Well, here we have yet another week of April; this month has become a mock vacation for the majority of citizens, a disaster for a large number of businesses, a revelation of a row of economic problems. Not much has changed since last week. However, there is good news: outside is spring, and summer is coming. Judging by the Chinese experience, the quarantine will come to its end someday, and life will get back to normal.
The crisis goes on; however, it is time to choose the stocks worth buying. It is rather difficult to find the bottom of the stock market; nonetheless, in our situation, the coronavirus data will be the hint. Special attention should be paid to China, where the virus first appeared.
COVID-19. Unofficially, we have a vaccine. Officially, we might have it in May.
Recently, the behavior of the oil market has been provoking as many questions as exclamations – the whole range of human emotions. In March 2020, oil prices experienced perhaps the most stressful time in the last years. The hard times are not over yet. However, now it is high time to find out what is going on.
It has been a week since I posted my previous article but the S&P 500 stock index has managed to decline from 2800 to the low of 2475. On the whole, since February 20th, the decrease in the S&P 500 has amounted to 28%, which is the greatest decline of the index in the last 10 years. The current situation can easily be called a crisis, and its reason is not some overheated economy or a bubble in some sector but a virus.
Coronavirus keeps threatening the world economy. The S&P500 index is again trading near its recent lows: by the moment this article is published, it will most probably have broken the support level at 2,850 USD and go on declining.
The time has come for coronavirus to influence the quotations of stock indices as well. While a month ago these were just rumors, now investors are seriously worried about the probable troubles of Chinese companies.