These 3 Stocks Got Even Stronger During the COVID-19 Pandemic
There's seemingly no end to the discussion about which stocks will benefit from stay-at-home measures, and which stocks will benefit from a coronavirus vaccine. However, what about businesses that are likely to see their long-term growth prospects enhanced by the pandemic, as well as by the rollout of a vaccine? There's a case for arguing that Honeywell International (NYSE: HON), Carrier Global (NYSE: CARR), and Stanley Black & Decker (NYSE: SWK) all own businesses in this category, here's why.
The diversified industrial giant has a number of businesses that have been impacted in different ways by the pandemic. On the positive side, its warehouse automation business (safety and productivity solutions segment, or SPS) is a key beneficiary of the growth in demand for warehouses related to e-commerce, and its personal protective equipment (PPE) sales have boomed in 2020.
On the downside, its process automation and refining catalyst and absorbents business (performance, materials, and technologies, or PMT) has been hit due to lower energy prices and the pandemic-induced slump in automotive production and materials sales (PMT again).
Source Fool.com
