News Formal

Pandemic Pets Push Industry Stocks to Pricey Valuations

  • 📰 WSJ
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

WSJWhatsNow: An uptick in pet ownership during the pandemic has made some stocks expensive. VeronicaDagher explains.

The pet business has been among the great beneficiaries of the new coronavirus. That success has made some stocks in the sector expensive.

Among the sector’s big winners this year are veterinary services firm Idexx Laboratories , up about 61% this year, and drug company Zoetis Inc., which is 25% higher. The S&P 500 is up 8.7% for 2020. Investors will get a closer look at the companies in the coming weeks: Idexx is due to report third-quarter results Oct. 29, while Zoetis is due to report its results Nov. 5..

Michael Ryskin, an equity analyst at Bank of America, said he believes these trends will amount to a multiyear tailwind for the animal-health industry. “The pet, or ‘companion animal’ industry, has been incredibly strong and resilient for many years, and despite fear of a negative impact from Covid-19, is having another strong year in 2020,” he said.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

VeronicaDagher Is there anything we can have that rich people will not exploit?

VeronicaDagher Make sure your pets are loved and well taken care of!

VeronicaDagher This doesn’t surprise me. Mutts are, in my experience, better friends - but, then, I’m a cat man.

VeronicaDagher i wonder why.. animals are immune.. i bet i hear a swine shouts for its cause and effect noir. 'away-withe-yea!' only a queen can tell.

VeronicaDagher BITCOIN BABY! she's a peach!🍑 she's on 🔥! Holding a record for staying over $10k! Sitting at $11.4k and is suppose to pop this week up to $12.5 according to almost all the analysts! Invest 100 bucks worth like us nerds and watch it grow 😊

VeronicaDagher Never get satisfied with seeking THE LORD in your Christian Salvation. 크리스찬의 구원에서 하나님을 찾는 일에 늘 배고픔을 느껴야 합니다. GlobalMidweekWord

VeronicaDagher Mitch 220,989 DEATHS 1K/D As the SENATE MAJORITY Leader, YOUR continuing FAILURE TO NEGOTIATE & PASS the Crisis Response Fund HAS resulted in *30 Million unemployed *losing their healthcare WITH RECORD *Bankruptcies *Foreclosures *Evictions STOP creating Market UNCERTAINTY&CHAOS!

VeronicaDagher Never get satisfied with seeking THE LORD in your Christian Salvation. GlobalMidweekWord

VeronicaDagher Dear , .I would be highly appreciate if You allow me to make logo for your brands . I will give you unlimited revision till you satisfied , plz check my portfolio (

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 98. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Southeast Asia struggles to kickstart its battered tourism industry as the pandemic chokes demandTourism is starting to kick off slowly in Southeast Asia kicks again as the pandemic comes under control, but diverging solutions in healing the ravaged tourism industry highlight the challenges ahead. It will depend on us and eu doctors/scientists for a covid vaccine. Id wager mid may for widespread use thus early june for widspread tourism. 2021
Källa: CNBC - 🏆 12. / 72 Läs mer »