A buyer pushes a cart of out of doors objects previous a membership desk at a Costco Wholesale Corp. retailer in Naperville, Illinois.Daniel Acker
A buyer pushes a cart of out of doors objects previous a membership desk at a Costco Wholesale Corp. retailer in Naperville, Illinois.
Daniel Acker | Bloomberg | Getty Photos
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The lethal coronavirus continues to hit sure areas of the market as traders fear it might stall financial development, however Wall Avenue analysts informed shoppers this week that there are nonetheless loads of shopping for alternatives.
CNBC examined latest Wall Avenue analysis to search out shares that analysts say have upside amid considerations concerning the coronavirus. The shares embrace Mosaic, Royal Caribbean, Costco, Alibaba and Spirit Airlines.
Costco
Costco traders should not fear an excessive amount of concerning the coronavirus state of affairs, in response to Telsey Advisory Group. The retailer reported sturdy gross sales numbers this week and Telsey believes Costco’s small presence in China offers shoppers some safety of their portfolio.
“We consider Costco needs to be comparatively much less impacted by the coronavirus, given its restricted geographic publicity,” analyst Joe Feldman mentioned.
Costco does have one retailer in China, however the firm does not anticipate a lot affect from the worrisome virus.
“We anticipate restricted provide chain points, given the excessive consumables combine,” he mentioned.
Shares of the corporate are up 2.5% on the week.