FX.co ★ Three companies immune to COVID-19

The COVID-19 epidemic has hurt a lot of the world's largest corporations. The coronavirus-driven panic is exerting pressure on global financial markets, dragging them down over and over again. However, there are three companies which experts consider resistant to the negative impact of the coronavirus outbreak. Read about them in our article

Zoom Video Communications

Experts say that this company is immune to the coronavirus. It provides remote conferencing services using cloud computing. Zoom stock has soared by almost 41% since the COVID-19 outbreak. Since the beginning of 2020, the stock has climbed by 57%, hitting an all-time high of $111.80. The video conference software provider is also ready to offer effective tools for remote work. As the virus spreads, employees will be forced to work from home. In this situation, Zoom services will be in demand.

Netflix

The second company which is considered resilient to the large-scale epidemic is Netflix, a global provider of audio and video information. Experts believe that the spread of COVID-19 in the United States will increase the demand for Netflix media services. At the end of January 2020, the company's stock rose by 6%, adding more than 11% since the beginning of the year. The coronavirus spread can force most people to stay at home and use Netflix content as a leisure activity. In February, the streaming giant reported strong quarterly revenue growth and its subscriber base of 167 million.

Tomorrow Advancing Life Education Group (TAL)

TAL Education Group, a company providing online tutoring services for primary and secondary school students in China, is considered to be the third company capable of confronting the coronavirus spread. In addition, the company specializes in online education, which is highly relevant during the outbreak. Distance learning is gaining popularity in China. Since the end of January 2020, TAL stock has gone up by 5%, adding almost 18%, while its market capitalization has achieved $34 billion. The company's quarterly earnings report turned out to be rather strong. The number of students soared by 66%, exceeding 2.3 million.