These 18 stocks got whacked by the coronavirus outbreak

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These 18 stocks got whacked by the coronavirus outbreak

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  • US equities have rebounded this week after selling off on coronavirus concerns last week.
  • But even with the market moving forward to new highs, the selloff was not without its victims.
  • Here are the 18 large-cap stocks that got caught in the coronavirus cross-fires.
  • Visit Business Insider's homepage for more stories.

US equities set new record highs this week, shrugging of coronavirus fears that gripped them last week.

Coronavirus, the fast-spreading illness thought to have originated in Wuhan, China, has killed over 560 and infected over 28,000. The impact the virus could have on Chinese and global growth preoccupied markets last week, but after a mix of positive domestic data and rumors of a coronavirus treatment, sentiment reversed this week.

The S&P 500 closed at a record high Wednesday, and the Dow Jones Industrial Average hit a record intraday high Thursday.

But even though markets are moving on, last week's coronavirus selloff was not without its victims. A number of otherwise healthy large-cap stocks took a beating since the selloff began January 17.

Morgan Stanley analysts compiled a list of 18 such companies that coronavirus pummeled. The firm had held a neutral to buy rating on each name before the selloff, and its analysts say the companies could be well positioned for a rebound when coronavirus concerns subside.

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BorgWarner Inc.

BorgWarner Inc.

Ticker: BWA

Sector: Consumer discretionary

Industry: Automobiles & components

Source: Morgan Stanley

Lear Corp.

Lear Corp.

Ticker: LEA

Sector: Consumer discretionary

Industry: Automobiles & components

Source: Morgan Stanley

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PVH Corp.

PVH Corp.

Ticker: PVH

Sector: Consumer discretionary

Industry: Consumer durables & apparel

Source: Morgan Stanley

Skechers USA Inc.

Skechers USA Inc.

Ticker: SKX

Sector: Consumer discretionary

Industry: Consumer durables & apparel

Source: Morgan Stanley

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Carnival Corporation & Plc

Carnival Corporation & Plc

Ticker: CCL

Sector: Consumer discretionary

Industry: Consumer services

Source: Morgan Stanley

Las Vegas Sands Corp.

Las Vegas Sands Corp.

Ticker:LVS

Sector: Consumer discretionary

Industry: Consumer Services

Source: Morgan Stanley

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MGM Resorts International

MGM Resorts International

Ticker: MGM

Sector: Consumer discretionary

Industry: Consumer services

Source: Morgan Stanley

Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd.

Ticker: NCLH

Sector: Consumer discretionary

Industry: Consumer services

Source: Morgan Stanley

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Royal Caribbean Cruises

Royal Caribbean Cruises

Ticker: RCL

Sector: Consumer discretionary

Industry: Consumer services

Source: Morgan Stanley

Wynn Resorts Ltd.

Wynn Resorts Ltd.

Ticker: WYNN

Sector: Consumer discretionary

Industry: Consumer services

Source: Morgan Stanley

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Starbucks Corp.

Starbucks Corp.

Ticker: SBUX

Sector: Consumer discretionary

Industry: Consumer services

Source: Morgan Stanley

Booking Holdings Inc.

Booking Holdings Inc.

Ticker: BKNG

Sector: Consumer discretionary

Industry: Retailing

Source: Morgan Stanley

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Estee Lauder Companies Inc.

Estee Lauder Companies Inc.

Ticker: EL

Sector: Consumer staples

Industry: Household and personal products

Source: Morgan Stanley

3M Co.

3M Co.

Ticker: MMM

Sector: Industrials

Industry: Capital goods

Source: Morgan Stanley

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Caterpillar Inc.

Caterpillar Inc.

Ticker: CAT

Sector: Industrial

Industry: Capital goods

Source: Morgan Stanley

Qualcomm Inc.

Qualcomm Inc.

Ticker: QCOM

Sector: Information technology

Industry: Semiconductors & semiconductor

Source: Morgan Stanley

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Cognex Corp.

Cognex Corp.

Ticker: CGNX

Sector: Information technology

Industry: Technology hardware & equipment

Source: Morgan Stanley

Coming Inc.

Coming Inc.

Ticker: GLW

Sector: Information technology

Industry: Technology hardware & equipment

Source: Morgan Stanley

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