Week Ahead: As Equities Tank, What Do Corporations Think…?

A long list of U.S. companies will be flocking to several industry conferences in the week ahead, amid a maelstrom of disruptions, including widespread global illnesses and advancing new technologies.

Read part one of this story here.

The heavy slate of events is set to include updates, discussions, and outlooks on the communications, industrials, healthcare, and consumer sectors, as fears about the novel coronavirus, infect supply chains, and the increasing use of social commerce takes another swipe at traditional retailers.

Events in the week ahead will feature J.P. Morgan’s Industrials Conference, which runs from March 10-12 in New York City.

March 10–12

  • J.P. Morgan’s Industrials Conference (New York, NY)

The meeting falls against a gloomy backdrop of increasing jitters about the ongoing COVID-19 scare.

Several companies that have joined the fight to stave-off the recently unleashed respiratory illness had seen a spike in their stock prices, amid rising demand for their products and services, before taking a more recent downturn as global risk aversion spurred a mass exodus from riskier assets.

(Click on image to enlarge)

Jitters spur downturn in sanitation stocks as supply chains get disprupted

U.S.-based firms, including Clorox (NYSE: CLX), 3M (NYSE: MMM) and Honeywell International (NYSE: HON) had been generally in the spotlight, as an increasing number of consumers waxed more cautious about contracting the virus.

Minnesota-based industrial and consumer goods company 3M said in late January, for example, it was increasing global production of its personal protective equipment products – including respirators – in response to the outbreak.

The firm noted it observed a rise in demand in China, as well as in other regions, and has been working with customers, distributors, and government and health officials to help them obtain needed supplies.

Also, Honeywell had reportedly ramped-up on its face mask production, citing a surge in demand for the product across North America, Europe, and China.

1 2 3 4
View single page >> |

Disclosure: The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.