The U.S. stock market just had its worst week since the 2008 financial crisis, triggered by the coronavirus. Out of the carnage, there may still be opportunities for investors.
The market has recognized a few potential winners, most obviously biotech stocks working on vaccines and companies that enable people to work from home, such as videoconferencing service Zoom. The losers are not surprising: Uber and Lyft have both seen their stocks hit worse than average on expectations that the cutback in travel will hurt their businesses. But for some stocks, the market’s reaction seems overblown.