TPA REITERATES: BE LONG ONLY PANDEMIC STOCKS

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.