These Sectors Performed Best and Worst in the Pandemic
We look at the industries for those most affected by social-distancing and stay-at-home orders.
Stock markets crashed last year as the impact of the coronavirus pandemic on economies around the world became clear. To stop the spread of the COVID-19, many governments issued stay-at-home orders and social-distancing guidelines. This new way of life kickstarted existing trends like working and shopping from home, and at-home entertainment. Some sectors have benefited, while others were severely hurt.
A year later, markets have largely recovered, but the economic impact of the pandemic remains. Here, we look at some of the sectors and industries that have fared best and worst over the past year, and what Morningstar’s stock analysts see ahead. Herd immunity to COVID-19 is key to an economic recovery and healthcare strategist Karen Andersen keeps a close on vaccine development and distribution. Though rollout has been slow, she expects herd immunity by midyear 2021 in the U.S. and by the end of 2023 worldwide. Andersen’s research and Preston Caldwell’s economic outlook are incorporated into our analysts’ valuations and outlooks for the industries they cover.
Sachin Nagarajan does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.