- But even with the market moving forward to new highs, the selloff was not without its victims.
- Here are the 18 large-cap stocks that got caught in the coronavirus cross-fires.
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These 18 stocks got whacked by the coronavirus outbreak
US equities have rebounded this week after selling off on coronavirus concerns last week.
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US equities set new record highs this week, shrugging of coronavirus fears that gripped them last week. Coronavirus, the fast-spreading illness thought to have originated in Wuhan, China, has killed over 560 and infected over 28,000. The impact the virus could have on Chinese and global growth preoccupied markets last week, but after a mix of positive domestic data and rumors of a coronavirus treatment, sentiment reversed this week. The S&P 500 closed at a record high Wednesday, and the Dow Jones Industrial Average hit a record intraday high Thursday. But even though markets are moving on, last week's coronavirus selloff was not without its victims. A number of otherwise healthy large-cap stocks took a beating since the selloff began January 17. Morgan Stanley analysts compiled a list of 18 such companies that coronavirus pummeled. The firm had held a neutral to buy rating on each name before the selloff, and its analysts say the companies could be well positioned for a rebound when coronavirus concerns subside.
BorgWarner Inc.
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Ticker: BWA
Sector: Consumer discretionary
Industry: Automobiles & components
Source: Morgan Stanley
Lear Corp.
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Carl Court/Getty Images
Ticker: LEA
Sector: Consumer discretionary
Industry: Automobiles & components
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Source: Morgan Stanley
PVH Corp.
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Heidi Zak, ThirdLove/YouTube
Ticker: PVH
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Sector: Consumer discretionary
Industry: Consumer durables & apparel
Source: Morgan Stanley
Skechers USA Inc.
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Liu Junfeng/Getty Images
Ticker: SKX
Sector: Consumer discretionary
Industry: Consumer durables & apparel
Source: Morgan Stanley
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Carnival Corporation & Plc
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AP Photo/Lynne Sladky
Ticker: CCL
Sector: Consumer discretionary
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Industry: Consumer services
Source: Morgan Stanley
Las Vegas Sands Corp.
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Ticker: LVS
Sector: Consumer discretionary
Industry: Consumer Services
Source: Morgan Stanley
MGM Resorts International
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MGM Cotai
Ticker: MGM
Sector: Consumer discretionary
Industry: Consumer services
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Source: Morgan Stanley
Norwegian Cruise Line Holdings Ltd.
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Norwegian Cruise Line/Facebook
Ticker: NCLH
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Sector: Consumer discretionary
Industry: Consumer services
Source: Morgan Stanley
Royal Caribbean Cruises
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Ticker: RCL
Sector: Consumer discretionary
Industry: Consumer services
Source: Morgan Stanley
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Wynn Resorts Ltd.
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Ticker: WYNN
Sector: Consumer discretionary
Industry: Consumer services
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Source: Morgan Stanley
Starbucks Corp.
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Ted S. Warren/AP
Ticker: SBUX
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Sector: Consumer discretionary
Industry: Consumer services
Source: Morgan Stanley
Booking Holdings Inc.
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iSpot.tv
Ticker: BKNG
Sector: Consumer discretionary
Industry: Retailing
Source: Morgan Stanley
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Estee Lauder Companies Inc.
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Ticker: EL
Sector: Consumer staples
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Industry: Household and personal products
Source: Morgan Stanley
3M Co.
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Ticker: MMM
Sector: Industrials
Industry: Capital goods
Source: Morgan Stanley
Caterpillar Inc.
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Reuters
Ticker: CAT
Sector: Industrial
Industry: Capital goods
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Source: Morgan Stanley
Qualcomm Inc.
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Ticker: QCOM
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Sector: Information technology
Industry: Semiconductors & semiconductor
Source: Morgan Stanley
Cognex Corp.
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Getty Images/Daniel Reinhardt
Ticker: CGNX
Sector: Information technology
Industry: Technology hardware & equipment
Source: Morgan Stanley
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Coming Inc.
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Getty Images/Igor Golovniov
Ticker: GLW
Sector: Information technology
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Industry: Technology hardware & equipment
Source: Morgan Stanley
See Also:
- MORGAN STANLEY: It's too soon to hunt for bargains as coronavirus fears hammer the market. Here's why the sell-off is far from finished.
- Wall Street's 10 most accurate tech analysts reveal the stocks you should buy now for huge returns within 12 months
- GOLDMAN SACHS: Buy these 10 stocks right now, as they're primed to rocket higher after their upcoming earnings reports
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