These 'stay at home' stocks like Peloton and Netflix could provide a refuge from coronavirus plunge, says MKM

are among a handful of companies that MKM Partners identified could rise despite the broader market sell-off.

"We tried to identify what products/services/companies would potentially benefit in a world of quarantined individuals. What would people do if stuck inside all day?," JC O'Hara of MKM Partners said in a note. The firm's recommendations are already being borne out by investors. Shares of Peloton, which sells stationary bikes for at-home workouts, are up more than 14% this week, while the S&P 500 is down around 9%, on pace for its worst week since the financial crisis in Oct. 2008. Netflix is up nearly 2% as of mid-day Thursday, while the S&P is down almost 2% .

are also up more than 5% for the day so far as companies increasingly have looked to move in-person meetings to the virtual world.

And $ROKU

Zoom yes, and some others. Peloton = not. People aren't going to go blow $3000 on a bike and then $30+ a month just to stay home and cycle. If they have a bike, they already likely subscribe anyway. Duh!

Yeah people forced to stay home from work if this becomes an office-closing pandemic are definitely going to start spending money on Peloton subscriptions 👶🏼🧠

United States United States Latest News, United States United States Headlines

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

Peloton stock rises as coronavirus outbreak encourages home workouts - Business InsiderIf people are encouraged to stay home because of fears over the coronavirus spreading, Peloton could benefit, one analyst said. Every cloud eh....? Long PTON and short PLNT
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump is reportedly furious that the stock market is plunging on coronavirus fearsAccording to a new report, President Trump believes health officials' warnings over the coronavirus has sparked the market sell-off. I am too Fiscal Stimulus So what happened to Tuesday’s bounce CNBC was so sure of 🤔
Source: CNBC - 🏆 12. / 72 Read more »

Stocks enter correction, Dow plunges by 780 points, as coronavirus fears multiplyA correction indicates a drop of 10 percent from the 52-week high, making this the worst week for Wall Street since the financial crisis.
Source: YahooNews - 🏆 380. / 59 Read more »

Nancy Pelosi calls stock market plunge 'disturbing' as she pushes for coronavirus fundingPelosi pushed back on Trump's suggestion that the stock plunge was at least in part the fault of Democratic presidential candidates. NOBODY CARES WHAT PELOSI THINKS! I don’t care what Nervous Nancy has to say. She's disturbing
Source: CNBC - 🏆 12. / 72 Read more »

Dow sheds another 900 points, after stock market suffers worst day in two yearsU.S. stocks plunged in afternoon trade after the Centers for Disease Control warned Americans to prepare for a coronavirus outbreak and investors attempted... It will be ok as long as trump wins- apparently Oh boy, the sky is falling... Well, this is no fun
Source: MarketWatch - 🏆 3. / 97 Read more »