Quantcast
Channel: Morgan Stanley
Viewing all articles
Browse latest Browse all 1395

These 18 stocks got whacked by the coronavirus outbreak

$
0
0

trader chart bloomberg computer screen

  • US equities have rebounded this week after selling off on coronavirus concerns last week.
  • But even with the market moving forward to new highs, the selloff was not without its victims.
  • Here are the 18 large-cap stocks that got caught in the coronavirus cross-fires.
  • Visit Business Insider's homepage for more stories.

US equities set new record highs this week, shrugging of coronavirus fears that gripped them last week.

Coronavirus, the fast-spreading illness thought to have originated in Wuhan, China, has killed over 560 and infected over 28,000. The impact the virus could have on Chinese and global growth preoccupied markets last week, but after a mix of positive domestic data and rumors of a coronavirus treatment, sentiment reversed this week.

The S&P 500 closed at a record high Wednesday, and the Dow Jones Industrial Average hit a record intraday high Thursday. 

But even though markets are moving on, last week's coronavirus selloff was not without its victims. A number of otherwise healthy large-cap stocks took a beating since the selloff began January 17.

Morgan Stanley analysts compiled a list of 18 such companies that coronavirus pummeled. The firm had held a neutral to buy rating on each name before the selloff, and its analysts say the companies could be well positioned for a rebound when coronavirus concerns subside. 

BorgWarner Inc.

Ticker: BWA

Sector: Consumer discretionary

Industry: Automobiles & components 

Source: Morgan Stanley 



Lear Corp.

Ticker: LEA

Sector: Consumer discretionary

Industry: Automobiles & components

Source: Morgan Stanley 



PVH Corp.

Ticker: PVH

Sector: Consumer discretionary

Industry: Consumer durables & apparel

Source: Morgan Stanley 



Skechers USA Inc.

Ticker: SKX

Sector: Consumer discretionary

Industry: Consumer durables & apparel

Source: Morgan Stanley 



Carnival Corporation & Plc

Ticker: CCL

Sector: Consumer discretionary

Industry: Consumer services

Source: Morgan Stanley 



Las Vegas Sands Corp.

Ticker:LVS

Sector: Consumer discretionary

Industry: Consumer Services

Source: Morgan Stanley 



MGM Resorts International

Ticker: MGM

Sector: Consumer discretionary

Industry: Consumer services

Source: Morgan Stanley 



Norwegian Cruise Line Holdings Ltd.

Ticker: NCLH

Sector: Consumer discretionary

Industry: Consumer services

Source: Morgan Stanley 



Royal Caribbean Cruises

Ticker: RCL

Sector: Consumer discretionary

Industry: Consumer services

Source: Morgan Stanley 



Wynn Resorts Ltd.

Ticker: WYNN

Sector: Consumer discretionary

Industry: Consumer services

Source: Morgan Stanley 



Starbucks Corp.

Ticker: SBUX

Sector: Consumer discretionary

Industry: Consumer services

Source: Morgan Stanley 



Booking Holdings Inc.

Ticker: BKNG

Sector: Consumer discretionary

Industry: Retailing

Source: Morgan Stanley 



Estee Lauder Companies Inc.

Ticker: EL

Sector: Consumer staples

Industry: Household and personal products

Source: Morgan Stanley 



3M Co.

Ticker: MMM

Sector: Industrials

Industry: Capital goods 

Source: Morgan Stanley 



Caterpillar Inc.

Ticker: CAT

Sector: Industrial

Industry: Capital goods 

Source: Morgan Stanley 



Qualcomm Inc.

Ticker: QCOM

Sector: Information technology

Industry: Semiconductors & semiconductor

Source: Morgan Stanley 



Cognex Corp.

Ticker: CGNX

Sector: Information technology

Industry: Technology hardware & equipment

Source: Morgan Stanley 



Coming Inc.

Ticker: GLW

Sector: Information technology

Industry: Technology hardware & equipment

Source: Morgan Stanley 




Viewing all articles
Browse latest Browse all 1395

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>