Online Education
By Fri, Mar 13, 2020
Hey Scoopers,
The President and the Fed tried their best to save the stock market, but fear spread faster than Covid-19, and nothing was able to save the market – more on that in the “Overall Market” section.
Beyond the overall market, the oil war has brought a boom to one particular group of stocks. At the same time, fun became the latest victim of coronavirus pandemic — more on that in the “What’s Up?” and “What’s Down?” sections.
Oh, by the way, which industry will be the long-term winner of the Covid-19 pandemic? — more on that in the “Water Cooler” section.
But, first, here is a recap of what happened in the market yesterday:
Market Recap
- U.S. markets: All three indices finished Thursday in red so deep that the stock market experienced one of the worst days in its history. Scroll down to the “Overall Market” section to read more.
- Cryptocurrency: Bitcoin’s price just fell off the cliff and finished under the $5,000 mark. Remember when it was $10,000 per coin? That was only a few weeks ago.
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Even A $1.5 Trillion Plan Wasn’t Enough.
Despite a $1.5 trillion plan by the Fed, the stock market continued its downward spiral and experienced one of the worst trading days, only second to the 1987 Black Monday. The worry is not just Covid-19. The real worry is the potential impact on the economy if the forced work-from-home policy turns into a cut-back in salaries. In the U.S., consumer spending is the turbo engine of economic growth. People not having a salary to spend would be devastating to the economy.
Ship That Oil.
So, what happened?
Shares of DHT Holdings (Ticker: DHT) were up more than 12% on Thursday. Saudi Arabia’s plan to kill its Russian competition by shipping as much oil as it can and as cheap as it can is good for one particular group of stocks; the oil shipping stocks. DHT is an oil tanker company that is riding the wave. Its upward movement is even more impressive on a day that the rest of the market has dropped by more than 9%.
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Coronavirus Is Killing Fun.
So, what happened?
Shares of most entertainment companies are down by double digits. Restaurants, parks, resorts, and movie theaters are being hit hard by the so-called social distancing across the U.S. Shares of Dine Brands (Ticker: DIN) were down more than 29%, shares of Six Flags (Ticker: SIX) were down more than 24%, and shares of Imax (Ticker: IMAX) were down more than 25% on Thursday. Those are only a few names that are down double-digit as Coronavirus kills fun across the U.S.
The Industry Of Future
So what happened?
There is so much talk about the stocks that are impacted by Covid-19. And, of course, there are hundreds if not 1000s of them. But, one particular industry is going to be the long-term winner of this global pandemic, and that’s online education.
It’s not new to have an online course or offer education programming through online platforms. But, the adoption has been slow. People have inertia. Moving from in-person to online programs has always made sense. It’s more comfortable, cheaper, and there are more course choices. However, the inertia of centuries of in-person education was the most significant barrier for online education adaption.
Now, thanks to the pandemic, more people around the world will get a chance to experience the comfort of online education. And, that might be the catalyst the industry has been needing so desperately to become mainstream.
What other industries do you think will benefit from the Covid-19 pandemic in the long run? Our email is memebrs@tradestocks.com. And we can’t wait to hear from you.
About the Author
The authors of this Scoop are the editorial team at Stock Card, led by Hoda Mehr. Hoda Mehr is CEO and Co-founder of Stock Card and the host of Renegade Investors podcast. She runs a community of 40,000 stock market investors and manages Stock Card's successful flagship portfolio, Roll with Our CEO, on Stock Card Portfolio Store. Hoda is an Economist with an MBA from Concordia, John Molson School of Business. She applies behavioral economics, data journalism, and storytelling to all aspects of her work. Before starting Stock Card, Hoda worked as a strategy and insights lead at technology companies including Symantec, Aimia and Sony. Create a free account to do your stock market research easily and mistake-free: Stock Card Stock Card
