1 Under-the-Radar Stock That Can Beat the Coronavirus and a Recession
The coronavirus pandemic has turned normal shopping patterns in the U.S. on their head. With much of the country focused on stocking up on goods in preparation for weeks under "stay-at-home" orders, there have been shortages of products like toilet paper and cleaning supplies. Meanwhile, apparel retailers like Gap have been forced to close stores across the country and are canceling orders through the summer as clothes shopping is unlikely to return to previous levels until Americans start to go back to work and resume their normal lives.
On the other hand, eggs are among the products that have seen a spike in demand. Demand for most food staples tends to rise during disaster and hard times, and eggs are one of the most versatile foods around. High in protein, affordable, and filling, they're a necessity for baking -- and, of course, a favorite for breakfast.
According to the USDA, national prices for eggs have more than quadrupled from $0.589 per dozen on February 28 to $2.38 per dozen on April 3 due to a spike in demand from those stock-up trips (as well as reduced supply). Across the country, supermarkets have reported egg shortages, while some have put a limit on the number of eggs customers can buy.
Source Fool.com
