Personal Finance

How the Omicron Variant Could Impact Your Investments | Personal Finance

The omicron variant has also led to travel restrictions. The U.S. has banned entry for travelers from eight African countries.

Invest as little or as much as you want with a Robinhood portfolio.

With Robinhood, you can build a balanced portfolio and trade stocks, ETFs and options as frequently as you want, commission-free. Click your state to start investing today!

What experts are saying

There is no way to predict what the market will do in the face of the new variant, but because experts have seen surging in COVID-19 cases in the past, including the Delta variant that was detected earlier this year, they can make predictions.

Sam Stovall, chief investment strategist at the investment research firm CFRA Research, wrote in a research note Monday reminding investors that the severity of the new coronavirus variant could take weeks to assess. That said, the groups likely to be hit hardest include airlines, hotels, restaurants and leisure facilities in general, he wrote. There may also be some sectors that benefit in the near-term, like online retailers, food delivery firms and remote communications companies, Stovall says.


Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button