The COVID-19 pandemic has significantly altered all of our lives, and the advent of a vaccine is likely to do the same. The question for investors is, which sectors and companies will do well after a vaccine is rolled out?
I think there's a good case for arguing that food equipment company Middleby (NASDAQ: MIDD) , paint and coatings company Axalta Coating Systems (NYSE: AXTA) , and package delivery giant UPS (NYSE: UPS) are three companies set to do very well. Here's why.
The food and food equipment sector has been one of the hardest to read in 2020. On the one hand, stay-at-home measures have boosted spending on the home and on ordering food or buying at grocery stores -- great news for Middleby's residential kitchen equipment and food processing equipment sales. On the other hand, restaurants and hotels have been particularly hard hit by the pandemic, and Middleby's commercial foodservice sales have fallen significantly.
For further details see:
3 Big Winners From the Coronavirus Vaccines