There are stock specific options to play too. Below we highlight stocks of the index that were the least hurt on Oct 28.
Travelers Companies Inc TRV – Up 2.0% on Oct 28
The Travelers Companies Inc., a holding company, is principally engaged, through its subsidiaries, in providing a wide variety of property and casualty insurance and surety products and services to businesses, organizations and individuals in the United States and select international markets. The stock has a Zacks Rank #3 (Hold).
3M Co MMM – Down 1.56%
Conglomerate 3M’s focus on business transformation enhances its competitive advantage. Acelity, since acquired in October 2019, has been strengthening 3M’s medical solutions business. Being one of the largest manufacturers of respiratory masks, the coronavirus outbreak added to the company’s growth potential. The stock has a Zacks Rank #2 (Buy).
Verizon Communications Inc VZ – Down 1.9%
The company is the largest wireless carrier in the North America, serving millions of customers nationwide. The stock has a Zacks Rank #3
Walmart Inc. WMT – Down 1.9%
The Zacks Rank #3 company has evolved from just being a traditional brick-and-mortar retailer into an omnichannel player.
Merck & Co Inc. MRK – Down 2.3%
The Zacks Rank #3 company boasts more than six blockbuster drugs in its portfolio with PD-L1 inhibitor, Keytruda, approved for several types of cancer, alone making up for more than 25% of its pharmaceutical sales.
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Verizon Communications Inc. (VZ): Free Stock Analysis Report
The Travelers Companies, Inc. (TRV): Free Stock Analysis Report
Walmart Inc. (WMT): Free Stock Analysis Report
3M Company (MMM): Free Stock Analysis Report
Merck Co., Inc. (MRK): Free Stock Analysis Report
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