19 Biggest Losers of COVID-19

19 biggest losers of covid-19

It’s hard to miss news headlines about COVID-19. The coronavirus outbreak has brought the world to its knees. Schools have closed, workplaces have shuttered, and many worry about the far-reaching effects of the virus on financial markets.

As governments around the world rush to implement measures to tackle the coronavirus outbreak, the markets are seeing the devastating effects of the virus.

Stalled U.S. Bull Market

From airlines and cruise lines to retailers and energy companies, stock prices have seen drops as much as 80 percent since the market started to dip on February 21.

Since then, the S&P 500 has wiped out almost all its gains since President Trump took office in 2017.

Travel-related stocks and energy companies were hit hard, and even as the Federal Reserve moved to implement measures to stem the carnage, stock prices continue to fall.

Here are the 19 Biggest Losers of COVID-19

  • Traditional oil and gas companies struggled before the pandemic and now have collapsed to multidecade lows. Big names include Halliburton (HAL) and Apache (APA).
  • Travel and leisure companies like airlines and casinos faced weak demand before coronavirus and have only crumbled further since. Examples include Norwegian Cruise Line (NCLH), Carnival (CCL) United Continental (UAL), and MGM Resorts (MGM).
  • Mall and shopping center names like Darden Restaurants (DRI) have tumbled as shoppers stay home.
Company Ticker Industry Percent Change
Apache APA Oil & Gas Production -84.08%
Norwegian Cruise Line NCLH Hotels, Resorts and Cruise Lines -83.46%
Noble Energy NBL Oil & Gas Production -82.62%
ONEOK OKE Energy -80.05%
Diamondback Energy FANG Energy -79.63%
Royal Caribbean Cruises RCL Hotels, Resorts and Cruise Lines -78.95%
Halliburton HAL Oil & Gas Production -77.99%
Alliance Data Systems ADS Credit Services -77.88%
Carnival  CCL Hotels, Resorts and Cruise Lines -77.69%
MGM Resorts MGM Casinos/Gaming -77.25%
Occidental Petroleum  OXY Oil & Gas Production -74.98%
Devon Energy DVN Oil & Gas Production -74.20%
Ventas VTR REIT—Healthcare Facilities -73.06%
Capri CPRI Apparel Manufacturing -72.81%
United Airlines Holdings UAL Airlines -72.59%
Darden Restaurants DRI Restaurants -71.80%
Marathon Petroleum MPC Oil & Gas Refining -71.69%
TechnipFMC FTI Oil & Gas Equipment -70.44%
Helmerich & Payne HP Oil & Gas Drilling -70.18%

Table shows price changes between February 21 and March 18.

Although the stock market has been experiencing a lot of volatility, it might be a good time to start looking at expanding or adding to your portfolio.

While some industries may or may not recover from the volatility caused by the coronavirus, many may rebound eventually.

If you’re ready to start trading stocks and understand the risks involved, here’s what you might want to do:

Research. Do your research to familiarize yourself with the company. Look at fundamental and technical indicators to determine if it’s potentially a good investment.

Open a brokerage account at TradeStation. Our online brokerage accounts offer tools and analytics needed to place trades successfully. You can also use the platform to discover possible stocks to buy.

Place a trade. Once you’ve opened a brokerage account, search for the ticker symbols, you’re interested in trading. Then plan your strategy, determine risk guidelines, and execute your plan.

Like this story? Subscribe to Market Insights today.

Trade in milliseconds

Explore the most actively traded options

Trade 600+ futures products on an advanced platform