Is This 1 Healthcare Stock Coronavirus-Proof?
On March 11, the Dow Jones slid by over 1,400 points -- or about 5.8% of its value at the time -- and fell 20% from its most recent high, thus officially entering bear market territory. The culprit? The COVID-19 pandemic that continues to spread worldwide. According to Johns Hopkins University, as of March 17, there are more than 189,000 confirmed cases of the rapidly spreading disease and over 7,500 deaths, across more than 155 countries.
In the U.S., several states are taking drastic measures -- such as closing public schools and banning large gatherings -- to mitigate the spread of COVID-19 and 'flatten the curve'. While this pandemic will likely keep affecting the stock market, some stocks seem to be handling the market crash much better than others. One such resilient stock is the pharma giant Johnson & Johnson (NYSE: JNJ).
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Source Fool.com
