The Zacks Analyst Blog Highlights: Alphabet, Kroger, Ingles Markets And Blue Apron
Zacks Investment Research | Mar 24, 2020 07:26AM ET
For Immediate Release
Chicago, IL – March 24, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Alphabet Inc. (NASDAQ:GOOGL) , The Kroger Co. (NYSE:KR) , Ingles Markets, Inc. (NASDAQ:IMKTA) and Blue Apron Holdings, Inc. (NYSE:APRN) .
Here are highlights from Monday’s Analyst Blog:
Coronavirus Bumps Up Consumer Staples Stocks: 3 Best Bets
Homebound Americans are fueling strong demand for groceries as they avoid stepping outdoors over fears of contracting the novel coronavirus. In addition, the majority of companies in the country advised their employees to work remotely, compelling the corporate crowd to stay put and opt for online food delivery services rather than visit restaurants and bars.
This increased demand has led to shares of companies operating in the said arena to edge higher over the past month, despite the broader markets being hit hard. One could take a look at these stocks from an investment perspective, as shifting consumer preference toward new trends could support these equities.
Supermarkets Surge Amid a Market Gone Berserk
In just a month, the three major indexes of the country have shed more than 25% each, slipping into recession. The Dow Jones industrial Average declined 33.9%, the broader S&P 500 lost 27.8% and the tech-laden Nasdaq Composite shed 25.3% since Feb 23.
After all, smooth operations of businesses and supply chains are disrupted, given the government’s attempts to contain the virus by imposing lockdowns. Amid the shutdown of educational institutions and companies, such as Alphabet Inc. Zacks Investment Research
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