As nations begin their arduous journey of progressively opening up their economies after more than 3 months of stringent stay-home measures as a result of COVID-19, we are facing a potential “second wave” of infection that might derail our return to normalcy.
While many stocks have collapsed (and since recovered, in some cases dramatically) from the impact of COVID-19, there is a very small handful of stocks in the S&P500 that manage to generate positive stock price returns during the darkest time of 1Q20.
In fact, only 1% of the S&P500 stocks, which represents just 5 counters, were in the green from 20 February 2020 to 23 March 2020, the period where the S&P500 peak and subsequently trough, losing approx. 40% of its value during this short period of time.
These 5 outperforming stocks, on the other hand, generated positive returns of between 2-14% in the exact same period....