COVID19 pushes investors to “stay at home” stocks like Netflix and Blizzard

Chris Burns - Feb 27, 2020, 2:16 pm CST
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COVID19 pushes investors to “stay at home” stocks like Netflix and Blizzard

The rising tide of novel coronavirus (COVID19) fear is generating an interesting effect on investor dollars. Where this week we’ve already seen major dips in oil prices* and the DOW Jones Industrial Average*, your average “stay at home” company seems to be fairing quite well. A note shared by investor company MKM Partners pointed toward companies such as Netflix, Facebook, Amazon, Peloton, Slack, and Zoom.

Zoom is a videoconferencing company, Slack is a system with which digital companies participate in online chatrooms. Peloton is a stay-at-home exercise and fitness company. Facebook is the world’s largest social network, and Netflix is the go-to name for streaming video content. Not least of all because of this California coronavirus announcement this week, it would seem that investors are preparing for a future when we all just chill on the couch.

The full MKM “Stay at Home” index of companies should seem like your average who’s who of tech and gadget makers, software groups, and big names in news-makers covered here on SlashGear. At the top of the list: gaming company Activision Blizzard.

• Activision Blizzard
• Netflix
• Tencent Music
• Zynga
• Facebook
• Match
• Yelp
• Zillow
• Nexstar Media
• New York Times
• Sirius XM
• Boingo Wireless
• Purple Innovation
• Sonos
• Amazon
• Blue Apron
• Alibaba
• eBay
• GrubHub
• JD.com
• Shutterstock
• Peloton
• Sturm Ruger & Co.
• Campbell Soup
• Central Garden & Pet Co.
• Clorox
• Okta
• Alarm.com
• Citrix Systems
• Atlassian
• Slack
• Zoom
• Diamond Eagle

Relayed by CNBC, the note by JC O’Hara of MKM Partners said what you’ve likely been expecting they’d say whilst reading the list above.

“We tried to identify what products/services/companies would potentially benefit in a world of quarantined individuals,” said O/Hara. “What would people do if stuck inside all day?”

This note came as Thursday showed a continued fall of prices of the usual suspects. West Texas Intermediate crude fell more than 5% at the low to $45.88 per barrel, while the Dow Jones Industrial Average was listed down 823.93 points, or 3.06%, at Feb 27, 3:03 PM EST. Take a peek at the timeline below to continue to follow developments involving COVID-19 in the near future.


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