In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Macy’s (NYSE: M) I think this department store icon is closer to death than many people suspect. Incredibly, Mr. Market valued Macy’s at $5.36 a share on 18 May 2020. Thus, Macy’s share price is less than the Gap. I think all Macy’s stores could close this year.
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Thus, now is a great time to buy stocks if you can identify those equities Coronavirus will devastate. Therefore, I have compiled a list of stocks COVID-19 could destroy. Please note that this list is strictly my opinion, so there is no guarantee these predictions will be helpful.
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