The Impact of Coronavirus on S&P 500 Companies Outlook

The spread of the coronavirus has reached a pandemic, spanning 112 countries and regions, the stock markets have officially plunged into correction territory—at the fastest rate ever recorded, suffering its worst losses since the 2008 financial crisis this week amid ongoing panic over the spreading coronavirus and its impact on the global economy.

Economists now say it is increasingly likely that virus-related financial fallout will spill over into the second quarter, cutting into GDP growth and potentially even dragging the American economy into recession. U.S. equity markets were shoved into their fastest correction in history as fears of the coronavirus spread in the US rattled investors and stoked recession fears.

“After 11 years, 13% annualized earnings growth and 16% annualized trough-to-peak appreciation, we believe the S&P 500 bull market will soon end,” wrote David Kostin, Goldman’s chief equity strategist.

From Jan 2020 we found 144 companies from S&P 500 that provide new outlook based on the coronavirus impact using big data and NLP technology. 62 percent lowered their outlook while 38 percent sees better results during 2020.

The Impact of Coronavirus on S&P 500 Companies Outlook

The Impact of Coronavirus on S&P 500 Companies Outlook

Lower outlook list

Accenture
Advanced Micro Devices
Agilent Technologies
Albemarle
American Airlines
Amgen
Amphenol
Aptiv plc
Autodesk
Becton Dickinson
Booking
Boston Scientific
Broadcom
Capri Holdings
Carnival
Caterpillar
Centene
Cisco
Comcast
Conagra Brands
ConocoPhillips
CSX Corporation
Darden Restaurants
Delta Air Lines
Dollar Tree
DuPont
eBay
Ecolab
Electronic Arts
Estee Lauder
Expedia
Exxon Mobil
Facebook
Fiserv
FleetCor
Flowserve
Ford Motor
Gap Inc
Gilead Sciences
H&R Block
Hewlett Packard
Hilton Worldwide
Honeywell
Kellogg
Kohl’s
L Brands
Mastercard
MGM Resorts
Microsoft
Netflix
Nike
Nordstrom
Norwegian Cruise Line
NVIDIA
PayPal
PepsiCo
PerkinElmer
Ralph Lauren
Ross Stores
Royal Caribbean
Skyworks
Southwest Airlines
Take-Two Interactive Software
Tapestry
Target Corporation
Texas Instruments
Tractor Supply
Under Armour
United Airlines
United Parcel Service
VF Corporation
Visa
Xilinx

Increaced outlook list

Abbott
AbbVie
Adobe
Alphabet
Applied Materials
Broadcom
Campbell
Clorox
CMS Energy
Concho Resources
Constellation Brands
Coty Inc
CVS Health
D.R. Horton
DaVita
Edwards Lifesciences
Gap Inc
Garmin
General Electric
General Mills
Gilead Sciences
HCA Healthcare
HP Inc
Johnson & Johnson
Lam Research
Lamb Weston
Lockheed Martin
Medtronic
Merck
Microchip Technology
NVIDIA
Pfizer
Philip Morris
Procter & Gamble
Qorvo
QUALCOMM
Regeneron Pharmaceuticals
Salesforce
TE Connectivity
T-Mobile
Twitter
Union Pacific
Vertex Pharmaceuticals
Western Digital

We see that companies from the Consumer Discretionary and Consumer Staples sectors are lowered their outlook, the companies from Healthcare and entertainment are increasing their outlook as they expect the gain from the new coronavirus situation.

We are seeing an increasing demand for corporate financial and operational events feed, events such as suspend operations, lower outlook, profit warning, layoffs, management change, canceled product launch, service disruption, closing manufacturing plants and more are all over the news and social media.

FIRST TO INVEST is focusing on these events and many more i.e. 400 events categories and subcategories with global coverage.


Big data and NLP technologies to collect, structure, and reveal events from news articles, press releases, and financial social media and share it with our clients via dashboards or API.

(Views and recommendations given in this section are for research purposes only. Please consult your financial adviser before taking any position in the stock/s or currencies mentioned.) Neither First to invest. nor any of its officers, employees, representatives, agents or independent contractors are, in such capacities, licensed financial advisors, registered investment advisers or registered broker-dealers. First to invest does not provide investment or financial advice or make investment recommendations. Nothing contained in this communication constitutes a solicitation, recommendation, promotion, endorsement or offer by First to invest of any particular security, transaction or investment.)

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