Coronavirus impact: 18 March - part 1
The decision has been taken to shut schools and cancel exams, adding another burden to the already struggling economy. With so much about the virus still unknown, safety is paramount. But there is some good news coming out of China - on Wednesday, the country reported no new domestic cases. Does this provide a glimmer of light at the end of the tunnel? With a huge number of announcements from companies, we are breaking down today’s report into two parts, introducing the new category of 'survivors'.
Stay-at-home stocks could be winners Shares of Peloton Interactive Inc (US:PTON), the provider of expensive indoor bikes and interactive exercise classes, soared at the US market close last night as gyms close and more and more of us are confined to our homes.Bank of America has repeated its Buy rating and $36 price target on the stock, 44% higher than the current level, noting that it is benefitting from the closing of gyms across the U.S. While Peloton is shutting its own studios and retail stores, it will continue to stream classes and deliver bikes to people who order them…