Now that we are moving towards the recovery phase, there has been a high target in front of many companies. They have to set new records for the new economy if they want power in the market. But many people, including NASDAQ: ACRS at https://www.webull.com/quote/nasdaq-acrs team members, have said that the road to recovery likely won’t be V-shaped as companies continue to feel the pandemic’s impact with coronavirus cases surging across the world. It has been really difficult for everyone to live with it.
Great work even in pandemic
But, if we look across the spectrum at the market, not all the companies are going as well as many tech companies are, and many reporters have noticed it. Also, the difference between the performance is very much related to whether the companies have had to shut down completely, shut down 50%, or are doing well out of being in a unique position to benefit from what coronavirus has brought to the economy.
Working well is all that matters
- The members of NASDAQ: ACRSalso discussed the dynamic brought about by COVID-19, noting that while some biotech companies are working on a treatment,
- Many people are still working from home, taking Zoom calls, and even watching more Netflix – and those stocks are performing well as a result.
- Still, they acknowledged that the big unknown would be whether the pandemic changes the way we work forever or if a vaccine will bring about a return to normalcy.
People behave according to the situation
Anyhow, if we look at some of the old economy stocks, they’re not going to zero price, so a lot of people still have a lot of faith that we will come back to normal. But at the same time, we see the second wave coming through a lot of Asian countries right now, in Europe, and we see the extension of the cases in America, we can realize that it’s not going to be a V-shaped recovery. And it’s going to take a lot longer to get back to normal. According to them, people’s behaviors change when there is a spike in coronavirus cases. Often, consumers reduce spending, which can trickle down to employment.
Think about the growing economy
Thus, what we as NASDAQ: ACRS need to do is either have a vaccine – that’s one thing that we’re very focused on, is the progress of this third phase studies in the vaccine side – but also to learn to deal with COVID more successfully so that we can isolate cases quickly, quarantine smaller parts of the economy, and keep the rest of the economy going. You can check stock market quotes before stock trading. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.