Stay at home stocks rise from Wall Street's coronavirus rubble

  • 📰 Reuters
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

As coronavirus fears inflict havoc on Wall Street, a few stocks are thriving on ...

SAN FRANCISCO - As coronavirus fears inflict havoc on Wall Street, a few stocks are thriving on expectations that millions of people will spend weeks or longer cooped up at home.

Traders work on the floor of the New York Stock Exchange in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson Meal-kit delivery company Blue Apron Holdings has been a major gainer from social distancing to avoid COVID-19, surging over 300% in the past five days, even after a 29% drop on Friday. Prior to its recent surge, it had fallen nearly 70% in 2020 due to growing competition and disappointing revenue.

Zoom Video Communications has jumped 24% this month as employees working from home hold meetings on the company’s video conferencing app. Domino’s Pizza has slipped almost 11% in March, faring better than the broader market’s 22% slump in that time. This week it said that franchise-owned locations in Chicago were trying to hire 1,000 people to meet a jump in demand.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I noticed how u left costco out. While you see most line up and massive buying images posted are of costco.

The lethargy to work after all these are over ...? Back pains thinking about it now ...

That guy isn’t even wearing the mask correctly..

Fuck China

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Federal Reserve to shore up prime money market funds amid Wall Street routThe new Money Market Mutual Liquidity Fund will provide loans to financial institutions to buy assets from prime money market funds. Stunning. US futures down another 5%. Exhausting. You can’t ‘policy’ your way out of a pandemic. TrumpPandemic YES! Thank you federalreserve Lessons learned from 2008 finally having to be used.
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street looking to use more knowledge graphs for coronavirus - Business InsiderWall Street is looking to deploy data-mapping tech pioneered by Google and it could help visualize how the coronavirus is upending businesses and economies
Source: BusinessInsider - 🏆 729. / 51 Read more »