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COVID-19 Impact on Equities in Home and Away Baskets

Investors have broadly been concerned with the epicenter of the contagion, namely the “Away” stocks (Airlines, Hotels, Cruise Lines…). On the other hand, “Stay at Home” stocks have benefitted from increased consumer demand in a lockdown world (Zoom, Netflix, Clorox…). The Home and Away indices are each composed of 20 stocks that best represent each basket. These indices are created using the Cirrus Research methodology which picks the top performing stocks in the Home and the bottom performing stocks in the Away stocks.

Stocksnips is tracking the News Sentiment for these two baskets and in the charts below we examine the time period 1/23/2020 to 9/23/2020. The COVID-19 cases reported in early January from Wuhan, China started raising concerns and on January 31, 2020 President Trump suspended flights from China. Subsequently the WHO declared it a Pandemic. The Federal Reserve announced quantitative easing plan and interest rate cuts on March 15,2020.
Home_Away_Basket_SentimentVsPrice_09242020.pdf (278.3 KB)