These are the biggest tech winners and losers from the coronavirus risk, DA Davidson says

Noel Celis | AFP | Getty Images

Technology companies with major supply chains through China could take a hit due to the coronavirus, D.A. Davidson's Tom Forte said in a note to clients, but some stocks in the sector are well positioned to benefit from consumer patterns changed by the outbreak. The ongoing outbreak of the new coronavirus impacts consumer technology companies in many ways, both threatening key parts of the industry's supply chain and rattling an economy that is a key growth area. As of Tuesday morning, there are more than 43,000 confirmed cases of the virus worldwide and over 1,000 deaths, with most of the affected people being in China.

Pro CNBC Pro. As if your parent company doesn’t take enough.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coronavirus outbreak could cause disruption of key medical supplies - Business InsiderMedical experts say most US citizens are more at risk from seasonal influenza than the coronavirus, but that hasn't helped quell fears. And make 3 M rich
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wall Street steady as investors weigh coronavirus risksU.S. stocks ticked higher on Monday, as people returned to work in China after a... Very good. The sell off will come after news about the virus dies down. As Kenny Rodgers sings “you got to know when to hold it” It is a game of poker and the pros always win.
Source: Reuters - 🏆 2. / 97 Read more »