The winners and losers of the Covid-19 stock market crash – The National

The winners and losers of the Covid-19 stock market crash – The National

Vijay Valecha, chief investment officer at Century Financial in Dubai, says you might find opportunities in the most surprising places, such as the stricken travel and transport sector. ". The coronavirus shutdown has crippled the industry, but there may still be opportunities," he says.. With the world locked in at home, technology stocks are coming into their own and may continue their recent strong run, Mr Valecha says.. Chat app Slack has also seen a surge in users, while workplace chat platform Microsoft Teams saw daily active users rocket by 12 million to 44 million last month, Mr Valecha says: "Peloton Interactive has also seen demand grow for its online exercise classes.". Healthcare provider and insurer United Health is another way to play this trend, Mr Valecha says, while US consumer goods giant Procter & Gamble, a traditionally defensive stock, may benefit due to its trusted personal health and hygiene brands, as should cleaning products provider The Clorox Company.. Russ Mould, investment director at UK-based trading platform AJ Bell, says it could prove a good hedge against inflation, as central bankers print money to fight the crisis. ". If gold really does start to fly then gold miners should benefit,