Financial news
Written by: Jingjing He
2020-03-28 07:49
Last updated: 2020-03-28 07:49The $ 2 trillion stimulus bill passed as expected in the U.S. House of Representatives and was signed into force by President Donald Trump. However, due to the outbreak, the Dow closed down 915 points (4.06%). The benchmark index fell 3.37%; the Nasdaq fell 3.79%. For the whole week, the Dow rose 13%, the largest weekly increase since 1938. The benchmark index rose 10.3%.
The US market stimulus measures that have attracted much attention from the market involve US $ 2 trillion and are known as the "largest in American history", which include direct payment, enhanced unemployment protection, corporate loan subsidies, and provision of more medical resources. The aviation industry is one of the most beneficiary industries. Passenger airlines will receive US $ 25 billion in subsidies and US $ 25 billion in loans. Cargo airlines will receive additional US $ 8 billion in subsidies and loans.
Analysts expect the outbreak to increase Netflix subscribers. (Reuters)
Epidemics benefit some science and technology stocks
Under the control of the epidemic, the situation of the US stock market is still volatile, and some analysts have recommended a number of science and technology stocks that they believe will benefit from the epidemic. Ralph Schackart, an internet analyst at investment bank William Blair, said that streaming platform Netflix would be one of the companies most benefited from the outbreak. According to their survey, the epidemic caused more people to stay at home. As many as 90% of respondents said they watched more streaming content, and the decrease in live sports broadcasts also increased the average daily television viewing time of the respondents, which increased by nearly one hour. "With Netflix's rich original content, I believe the number of registered users will increase." He said.
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Social media is also expected to benefit. According to their survey, as many as 90% of respondents said they spent more time using social media, including Facebook, Instagram and YouTube. The analyst pointed out that the use of Google and Facebook's products should increase during the epidemic, and that the two companies have a lot of cash in hand, which will help to resist the economic downturn and reduce the impact of the advertising business on the company. .
He also introduced audio equipment maker Dolby and streaming platform Roku. He said that in the epidemic, people are more willing to upgrade the TV and electronics in their homes, which is good for Dolby. Roku has the "most potential" in the current trend of transitioning from TV to streaming platforms.
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