Posted on 01/27/2020 6:30:17 PM PST by BenLurkin
he deadly coronavirus, whose spread accelerated around the globe, is battering the stock market, and some U.S. companies are particularly vulnerable to the disease as their growth has been driven by Chinese consumers.
Wall Street analysts are issuing warnings about retailers, restaurants and hotels that have high revenue exposure to China as some of their businesses are forced to close after the death toll in the country climbed to at least 80.
Global brands Estee Lauder and Nike both generate 17% of their revenue from mainland China each year, Credit Suisse estimated based on the companies’ filings. The bank said if the coronavirus continues, both companies can see a 3% to 5% decrease in earnings per share next quarter.
(Excerpt) Read more at cnbc.com ...
Travel to-and-from China needs to be halted until this virus is contained.
Consumer electronics will be come scarce.
Short Apple. Maybe Intel.
That’s what manufacturers get for off shoring all that work.
I buy *Made in America* when I possibly can, even if it costs a little more.
Nike. Mmmm mmmm mmmm
I hope tbey lose big.
Can the Corona Virus be transmitted on cheap plastic chit and dog treats?
forgot the /s
“Consumer electronics will be come scarce.”
not JUST consumer electronics, but nearly ALL IT equipment with chinese-made components ...
Like spare car parts too.
Medical supplies.
VIX -- the S&P 500 volatility index -- rose 25% in a SINGLE DAY yesterday.
Missed my chance.
Good luck to you. I was buying yesterday.
Nike, we too bad. Maybe they should have manufactured the flag sneakers afterall.
They forgot the Dollar Tree.
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