Member-only story
Coronavirus Investing (Outside China)
As China continues its battle with Coronavirus, millions of citizens remain in quarantine. Schools, businesses, and airports sit empty. And the global economy is beginning to feel the effects of this drastic lockdown.
Today’s article discusses several long-term Coronavirus investing opportunities to consider. As usual, these are merely ideas and don’t take anything written here as concrete advice. Do your own research and figure out what works for you.
Anyway, here are some sectors and businesses which may be worth investigating.
Global Travel And Tourism Industries
Many big, well-established travel companies will take a hit from Coronavirus. Carnival Corporate (owners of 10 different cruise lines), Wynn Resorts, and Hyatt Hotels have all seen stock prices decline in the past month. Pernod Ricard, makers of Absolut vodka, have even released a statement that Coronavirus is affecting their sales.
Disney is another major stock affected, with the epidemic threatening their “Mulan” release and forcing them to close their Hong Kong and Shanghai theme parks.
Investors looking to buy established hotel and travel businesses at a slight discount may want to keep their eyes on how the ongoing virus affects stock prices. With a company like…