Financial markets are always affected in times of crisis, as stock market shares decrease significantly, which affects the profits of different companies. But even with the invading Corona virus "Covid-19" sweeping the world, we find those who benefit from the situation. Who are they?
1- Netflix
Netflix is one of the leading companies in the field of entertainment broadcasting in the world, and one of the companies whose shares rose while most of the stock market indices globally were declining due to the spread of Corona virus. The reason, according to stock exchange experts, is simple. When many remain in their homes for fear of getting sick, the percentage of their watching movies and TV series shown on Netflix increases.
2- Peluton
Peloton, the home training bike company, cannot complain about the Corona virus. Because many sports fans avoid going to gyms for fear of infection, the demand for home sports bikes from Peloton has skyrocketed. These home bikes feature a virtual training service that enables a person to communicate with other trainees without having to meet them face to face.
3- Medicines
President of the pharmaceutical company "Moderna" Stephen Bansel joined the list of billionaires in the world in a short time when the shares of the company rose after announcing a request to start human tests for a new vaccine against the Corona virus. It was joined by Lim and Wei Chai, owner of the largest share of the Malaysian company, Top Glove, for manufacturing medical gloves.
4- Zoom
Shares of Zoom Video Communications, which provides remote conference broadcasting, have risen 50% since the end of last month. Experts from the Bernstein Research company attributed the reason to the fact that many preferred work from home for fear of the virus. Thus, the company managed to win more than 2.2 million new subscribers this year, which exceeded the number of new subscriptions in the whole of 2019.
5- Shops
The purchase of packaged food and cans has increased, resulting in empty shelves in supermarkets such as its German countryside and French Carrefour. This phenomenon is called "hamster purchases" because it stores more food than it needs in its mouth. This phenomenon has led to investor appetite for stocks of packaged food companies. Businesses such as "Amazon" and "Ali Baba" also thrived due to the fear of going out shopping and preferring to buy online.
6- A rich mother
With the purchase of respirators and sterilizers to prevent corona virus, manufacturers of these commodities are racing to keep up with the growing demand and reap huge profits. The biggest beneficiary of global fear is the American company "ThreeM", which produces medical masks.
7- Tim Foyer
Many people prefer to work from home after the spread of the Corona virus in the world for fear of contracting the disease, which requires a safe and fast electronic way for employees to communicate with work computers and computers. This service is provided by the German company "Team Foyer", whose number of users has increased significantly, especially in China. In just two days, the company's shares rose 20%.