Photo: RubberBall / Alamy Stock Photo The effects of the coronavirus outbreak have been dire throughout the U.S. economy. About 16.8 million Americans filed for unemployment benefits in the three weeks that ended April 4, a record pace of job loss several times over. The S&P 500 index of large companies fell 20 percent in the first quarter of 2020, and all of its 11 sectors dropped by double digits — even the least hard-hit, information technology, was down 12 percent.
6. J.M. Smucker Co. Restaurants and bars across America are closed, but people are still eating, and that has been good for the fortunes of companies like Smucker that make packaged food for the retail market. “As you know, we have experienced unprecedented demand for peanut butter,” the Jif manufacturer said in a letter to retailers on March 19, explaining why it would not always be able to fulfill orders for the brand on time or in full.
4. Clorox It’s hard to think of a non-pharmaceutical product more boosted by a pandemic than bleach. Clorox makes about half the disinfectant wipes used in the U.S., and retailers have been struggling to keep them on the shelves.
jbarro I like JIF & I would take JIF to Mars Mars people 2004
jbarro Great we are back to peanut butter? The stuff sticks to the roof of your mouth, UG
jbarro Well positioned, 'profit from' is not a fair evaluation...
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