One Dow stock is seeing its best month in years as markets crumble (via TradingNation)
, the world's largest bricks-and-mortar retailer, has risen more than 13% in March as consumers stockpile amid the coronavirus crisis. The gain puts it on track for its best month since 2014. The Dow, meanwhile, is down more than 20% over the same period.
"When you have this type of panic and movement into hoarding and stockpiling groceries in this … countrywide quarantine, it's not a surprise that Walmart is outperforming the market," said Petrides. "When we're in an environment now, we have more and more people working from home, and that causes disruption and this disruption is not just a one- or two-day phenomenon, we're not sure of the duration. So when there is disruption, consumers' habits change and there are definitely companies that benefit from this change in demand, and Walmart we think is a prime example," O'Hara said during the same segment., which holds Walmart, has fallen 9% over the same stretch.
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