What Businesses will decline or thrive with a Corona Virus driven Recession

We know the travel industry has been doing it really tough with the Corona virus.

So what else can we think of that is affected?
Cafes, restaurants
Anything involving large events and large groups of people (even my volleyball association and State Volleyball NSW has suspended all activity till end April at this stage)
Short term stay businesses
Anybody relying on the crowds for payment
Manufacturing of many things (particularly if parts are imported)
Most discretionary spending
Businesses providing leisure or non essential training activities involving groups of people

What will thrive?
Nursing
Supermarkets (I hear they are looking to take on heaps of casuals)
Manufacturers of basic grocery lines
Cleaning services
Government health services
1-1 Student tutoring? (Maybe?)
Personal childcare (maybe if schools are closed?)
Food home delivery services
Scientific activity to get to a cure
Businesses that encourage Home entertainment (hmmm... Condom manufacturing?)
Face mask manufacturers
I know the lists would be way more extensive, but this is a start.

I work for a EAP provider, I'm thinking this business may be recession proof/in higher demand due to this virus (a lot of the business we have is Government)

What else can you think of on both sides of the coin?

 

Thrive ... funeral homes

 

Telco - new installations, NBN, fibre upgrades, 5G mobile roll-out & repairs/maintenance.

Laptop sales

Uber-eats type gigs

 

IT has been bonanza. All businesses getting setup so that workers can work from home. Our local laptop shop said was business as usual up till Friday then just mayhem.

IT consultants probably busier during this period with more IT issues from people working at home.

 

Anything tourism related is in for a rough time.

Tech companies catering to online collaboration are doing quite well at the moment.

The businesses catering to 'preppers' will likely do very well over the next few years. It wouldn't be surprising if a lot of people had a household 'survival kit' long after this is over.

DIY easy to plant backyard veggie patches would probably get some attention in the future.

 

In nine, obgyns.

 

Someone told me officeworks sold out of monitors.

 

Possibly not: There's no point in spending up on a fancy funeral if no one is going to come. Might as well go for the $2500 no-frills direct cremation and have a memorial celebration at a later date.

 

Anything to do with personal connection will really suffer. Massage therapist friend has to cancel all her foreseeable appointments

 

Single use plastics up. Companies involved here?

Plastics Had Been Falling Out of Favor. Then Came the Virus

I wonder if non renewable energy companies boom as nations seek cheap energy like coal and gas in a time of crisis. Victoria ended the gas ban today.

 

I’m actually thinking less contact may be safer also- a hard one!

 

Actually cafe and restaurant in my local area said business never been better because everyone is working from home

 

Looks like plumbers may thrive as people flush whatever they can get down the toilet

 

Playstation Store might be doing a roaring trade over the coming months as stuck as home gamers purchase more games to play.

Brothels and massage parlors must be doing it really tough now.

 

PushPay church communication and collections is thriving yet is 40% cheaper go figure ! Zoom video conferencing is booming and is up 20% in last month. NVIDA could do well and is cheaper now, who provide GPU's Graphic processing units) for gamiing, Tesla, smartphones etc and develops SoC's (systems on a chip) chips for mobile and automotive computing.. Netflix seems like a no brainer

 

Some medtec and biotec stocks should do well, Teladoc, ALC, NAN. ETF, CURE which has companies in it which are developing or testing corona virus vaccines and immune and genetic related tecnnology bit risky picking one out.