get these nets
Veteran
Consumer-staples giant Clorox, along with 10 other stocks have emerged as the definitive anti-coronavirus trades, as the only S&P 500 stocks avoiding correction territory.
While the broader market craters, the well-known maker of bleach and disinfection wipes is only 8.5% off its most recent high. Before the marketed open on Friday, Clorox was positive for the week. This compares to the S&P 500′s near 12% plunge since Monday. Regeneron Pharmaceuticals is also being spared, as the only S&P 500 stock that is positive for the week.
It’s been a dismal week for stocks as fears of a possible pandemic escalate, with cases of the new coronavirus surging outside China. All three U.S. stock averages are deep in correction territory, and the Dow and S&P 500 are on pace for their worst week since the financial crisis. The Centers for Disease Control confirmed the first U.S. coronavirus case of unknown origin in Northern California on Wednesday and California Gov. Gavin Newsom said Thursday the state is monitoring 8,400 people for coronavirus.
Meanwhile, a handful of stocks are being spared, and they are all plays on the coronavirus. Consumers are turning to Clorox products for preventative measures against the spreading deadly virus.
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