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.
Lower outlook list
Advanced Micro Devices
Delta Air Lines
Norwegian Cruise Line
Take-Two Interactive Software
United Parcel Service
Increaced outlook list
Johnson & Johnson
Procter & Gamble
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.
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