2 Stocks To Trade Amid The Wuhan Coronavirus
The Year of the Rat has brought a new challenge to China’s air travel market: the Wuhan coronavirus. The respiratory illness is already in Macau, Hong Kong, and many parts of Mainland China, and just like SARS before , it will most likely harm China’s travel industry in the short term. Thus, we’ll look at one company that will likely be heavily impacted by the new coronavirus. But also take a look at a company poised to be a better long-term hold.
This Gold Stock Is Receiving Huge Interest From Investors
One of the more popular gold stocks discussed recently has been IMC International Mining (CSE: IMCX) (OTC: IMIMF). Shares of the company have seen a great month so far. In fact, since January 8, IMCX has managed to rally as much as 68%. At the time, shares traded around $0.25 CAD and has since moved to $0.42CAD. This has greatly outpaced the broader gold market as well. But this isn’t the only reason IMC International Mining (CSE: IMCX) (OTC: IMIMF) deserves your attention right now.
Genomics Stock To Watch As China Battles Coronavirus Outbreak
China has approved for sale three medical products developed by genomics company BGI Group (300676.SZ), amid efforts to combat the coronavirus outbreak that is known to have infected more than 5,900 people and been linked to over 130 deaths.