United States

Coronavirus-immune companies could see stocks impacted soon

Companies whose stocks have remained largely immune to the coronavirus could catch a nasty cold once the panic clears, experts warn. A handful of companies — from consumer staple companies to teleconferencing firms — have been cushioned from coronavirus-inspired stock blows so epic that the Dow’s longest bull run in history was officially declared dead last week. Teleconferencing firms, for example, have proven one of the few brights spots in a sea of red as virus worries have led more companies to shift to remote work. Silicon Valley-based Zoom, a former unicorn that provides video-conferencing services, has seen a 5.6 percent rise in its share price from Feb. 21 — before the start of the recent market nosedive — to close ...