Strongest Companies in the Coronavirus Stock Market

Strongest Companies in the Coronavirus Stock Market

Here are the ten strongest companies for both technical chart patterns and fundamental company sales and earnings during the coronavirus pandemic. 

MRNA- Moderna, Inc. operates at the clinical stage as a biotechnology company, it develops therapeutics and vaccines based on messenger RNA for the treatment of infectious diseases, immuno-oncology, rare diseases, and cardiovascular diseases. Trial of a coronavirus vaccine made by Moderna began in Seattle on March 16, 2020.

WMT- WalMart is the largest retailer in the world of all consumer goods of groceries, general merchandise, prescription drugs, health and beauty care items, paper goods, electronics, auto centers, gasoline, along with garden departments. They are a business that has to keep operating during this crises and could even beat earnings and sales forecasts. 

WBA- The Walgreens Boots Alliance, Inc. is another business that is essential to keep operating during this crises to provide prescription drugs to consumers that could be critical for life and health. They could even beat their sales and earnings forecasts with the surge in their food item sales. 

ZM- Zoom Video Communications, Inc. is a video communications platform that allows people to interact from remote locations in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Zoom connects people through smooth real time video, voice, chat, and digital sharing. The company’s platform operates from the cloud and enables face-to-face video interactions and connects its users across different devices and geographical locations in one online meeting.

CLX- The Clorox Company produces a huge range of cleaning products along with other lines of grocery goods. These will all be in huge demand during this pandemic. 

KR- Kroger is one of the top grocery chains in the U.S. and will be one of the essential businesses to remain open during this crises and should have a record setting quarter for sales and earnings as the grocery industry had record setting sales during the panic buying and in coming weeks and months as people have to eat at home. 

HRL- Hormel Foods Corporation produces and markets various meat and food products to retail, foodservice, deli, and commercial customers in the United States and internationally. Its canned meat products will be in high demand during this mass grocery stock up. 

AMZN- Amazon is looking to hire over 100,000 new employees to work in their supply chain as demand for home delivery is soaring during a time when people are quarantined and are trying to not go out in public and be exposed to other people. Their business model is perfect at this time due to lack of human interaction with purchases. 

These are some of the companies that mutual fund managers are rotating into at this time as they always have to stay invested in the market. These are all companies that should not disappoint investors during their next conference calls as the money that has stopped flowing in other industries like bars, restaurants, sports, and travel could flow to them. 

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Strongest Companies in the Coronavirus Stock Market
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