Home › Forums › Market Outlook › CoVid- Market, What do we know now..
- April 26, 2020 at 4:31 am #25034Troy McMahonMember
Oil is bubbling over everywhere and the world is storing it. No planes jets or motor cars moving .
The sky’s are clearer and so is the fact people want to get back to work and be safe in the process. Do we have a covid-19 test? The race is on ,but just how accurate are these test based on who will make a fast accurate one and except responsibility if it fails . Maintaining social distancing is vital and keeping in mind what co -Vid -19 has done to the world. Continuing to exercise awareness is our best defense . A campaign of mindfulness is imperative , to be successful stay aware and practice the guidelines is the advice . Some of the other considerations are ;What are the legalities ? This ? is coming into light for childcare ,preschool, and Schools in general .is there going to be a price to pay if opening to soon causes a student to get co-vid 19 and it be fatal .
The same considerations are being talked about to go back to work .
Observations and Thoughts about equities .
A flight to quality names is my safe bet. Some portfolio advisers think there is a whole lot of information we can gain from a market such as this.
Two stocks I’ve started to look as leaders
Zoom(Zm) is keeping us connected . Zoom is a surprise well managed plus a much bigger company than I thought. Definitely worth a look .
Beyond Meat (bynd) is growing its brand with Starbucks and Starbucks is beginning to open up back up around the world and in China . A company to consider when many of our beef/pork houses are closed down during co-Vid, since employees had become infected . One things for sure co-vid can’t be forgotten about until a vaccine or therapeutic are marketable . Learn last night that there is a shortage of the emulsifier’s and swabs both are not readily available. Remember the whole world is vying for the same things to test and cure.
DHL, Ups & FedEx worth a look at management and monitoring .Online delivery totally on the rise ..
Equity leadership during this period. The Country has a 60% capacity goal to reopen slowly. . I think in the areas hardest hit will not open until June 1, 2020 for the northeast states. Mean time I’m sticking with quality equities even though most company’s wont hit there earnings catalyst ,dividends or patents matter. these are doing well Qcom, Wmt, Bmy just to name three.
Additionally how well a company navigates these rough waters and can take what the market is handing it at this time .This is information worth noting and reading about Such a stock I believe is Crox . I am impressed with the way the stock bounced back from its missed earnings . Fact is I own it and have tracked it on and off for two years.
Watching it during its early $7.00 a share days . Lost track and suddenly it was a 30.00 stock 50.00 target and analyst saying if you can ever get Crox below 30 a share grab it. Looking at Crox when we’ve had some market adjustments you’ll soon see Crox has held strong .
Community wise Crox donated 20k pairs of their very comfortable shoes to the health care industries recently. The stores that its sold in are opening back up in china has a on line presents and as a whole the company was growing at 20 % before co-Vid. Crox is a well known brand with a loyal following.
please note: These are my personal observation and only meant for research and discussion.
Other thoughts and feedback are appreciated.
Thank you David & Brandon for all you do .
- This topic was modified 2 years by Troy McMahon.
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