3 Stocks Immune to the Coronavirus
As the second-quarter earnings season comes to a close, investors have greater insights into how companies are faring in the pandemic. Not surprisingly, many businesses have experienced revenue declines as consumers pulled back on discretionary spending, but a few have seen top-line accelerations. Let's take a closer look at three stocks that are defying the odds and have seen their fortunes boosted during the pandemic.
E-commerce giant Amazon (NASDAQ: AMZN) saw a massive surge as people shopped online more while staying at home. Telehealth specialist Teladoc (NYSE: TDOC) had patients trying its virtual health services to experience a convenient, virus-free doctor's visit. Tractor Supply Company's (NASDAQ: TSCO) essential retailer status made its brick-and-mortar stores a go-to for rural ranchers and farmers and others to stock up on supplies during the pandemic.
As a result, this trio saw solid, double-digit revenue gains from Q1 to Q2 and accelerating year-over-year revenue growth.
Source Fool.com
