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Stock impact report

‘Coronavirus Stocks’ Were Winners In The First Half Of 2020 [Forbes]

Carrier Global Corporation (CARR) 
Company Research Source: Forbes
Carrier Global is one of the largest HVAC manufacturers in the world. Last year it did some $18.6 billion in sales, close to half of it overseas. The Florida-based company employs approximately 53,000 people across six continents.The reason I bring up Carrier now—besides the fact that, this being July, most of you reading this likely have your air conditioners running full blast—is because the company was the best performing S&P 500 stock for the first six months of 2020, up 67.9 percent.Carrier’s stellar price action should come as no surprise. With millions of people around the globe following stay-at-home orders, HVAC services have become a top priority. There are few things worse than being cooped up in a building with a busted air conditioner.In your head, list some other things you probably couldn’t have done without during lockdown.Whatever product or service you name, there’s a fair chance that shares of the company or companies behind it also performed well in the first half Show less Read more
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