Since early January the world’s number one concern is the in China originated novel coronavirus, COVID-19.
After the WHO declared the virus to be a Public Emergency of International Concern, COVID-19 is spreading rapidly over the globe and not stopping before the stock market.
In the early stages of the virus outbreak, fears sparked to Wall Street, but markets recovered quickly and ignored the fears further, until late February when investors finally realized the whole extent of the coronavirus outbreak and its possible impact on the global economy. keyboard_arrow_down
A stock selloff started and if it’s over already splits analysts minds.
The S&P 500, DOW and NASDAQ all started to tumble and it seemed like the whole stock market was infected by the novel virus.
While the end of the selloff is still widely discussed there are some stocks that investors should know about, which are affected.
These five companies got really affected by the coronavirus outbreak:
Yum China Holdings (NYSE: YUMC)
Yum China Holdings, Inc. is a licensee of Yum! Brands in mainland China, with exclusive rights to KFC, Pizza Hut, and Taco Bell, to only name some.
Shares of the Company were down nearly 10%, mirroring the virus outbreak’s impact on the fast-food business, when tens of millions of Chinese citizens had to be evacuated as an virus intervention.
Carnival Corp. (NYSE/LSE: CCL)
Carnival Corporation & Plc, is a large leisure travel company, operating in North America, Australia, Europe and Asia.
Parked at a dock just of Japan, a cruise ship owned by the Company was quarantined for weeks, after one of its former passengers got tested positive for coronavirus.
Royal Caribbean Cruises (NYSE: RCL)
But Carnival is by far not the only travel company affected by the coronavirus outbreak.
Royal Caribbean Cruises Ltd. is also a global cruise vacation company, operating on all seven continents and had to face customer fears amid the virus outbreak.
As people avoid cruises and traveling in and around Asia in general, the Company’s stock is down by 17%.
Wynn Resorts (NASDAQ: WYNN)
Wynn Resorts, Limited, part of the S&P 500 Index, owns and operates Wynn Las Vegas, Encore Boston Harbor, Wynn Macau and Wynn Palace, Cotai.
The gambling Giant’s business is mostly affected due to its core business in China’s Macao territory, which was shut down by the government in February.
Euronav (NYSE: EURN)
Another sector that got hit by the virus outbreak is the shipping sector. The slowdown in China’s economy and worldwide safety precautions, including quarantines of whole cities and regions, causes less activity and a decreasing demand for goods and services.
Euronav (NYSE: EURN) is an international shipping company, with the main focus on transporting oil by sea, which now has to cope with plunging oil prices and investor’s selloffs of the shipping industry.