BMO Capital Market analyst Dan Salmon recently wrote that ‘Netflix is an obvious beneficiary if consumers stay home due to coronavirus (COVID-19 virus) concerns, and this has been reflected in considerable stock price outperformance this week.’
Indeed, while there were fears over a global economic slowdown due to the virus, Netflix clearly isn’t feeling the stress after a 0.8% increase in stock this week.
Other companies which could benefit from coronavirus include Facebook, Amazon and Slack – this insight coming from JC O’Hara, an analyst from MKM Partners.
CNBC reported O’Hara as saying: ‘We tried to identify what products/services/companies would potentially benefit in a world of quarantined individuals. What would people do if stuck inside all day?’
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