PANDEMIC FEAR HIT STOCKS…AGAIN
Stock performance yesterday showed the re-emergence of the Pandemic fear. The table below is only a small subset of the market, but ii contains stocks that TPA has mentioned recently. Clients will note that the winners, in a down market, yesterday, were stocks and industry subsectors that either benefit from or are least negatively affected by the Covid-19 shutdown/slowdown, while the stocks that got hit hardest are those most affected by the Pandemic.
Groups that outperformed:
· Technology Hardware, Storage &
· Biotechnology
· Internet Retail
· Semiconductors
· Pharmaceuticals
· Biotechnology
· Household Products
Groups that underperformed:
· Investment Banking & Brokerage
· Agricultural & Farm Machinery
· Oil & Gas Refining & Marketing
· Integrated Oil & Gas
· Industrial Machinery
· Office REITs
· Paper Packaging
· Oil & Gas Exploration & Production
· Construction Machinery & Heavy
· Diversified Banks
TPA has said and continues to say that investors should only own stocks that either benefit from or are in the least danger from the effects of Covid-19.
