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Stocks tanked on coronavirus fears. But the companies that make your cleaning products got a boost

28 Jan 2020 7:34 AM | IJCSA - (Administrator)

Stocks fell to their lowest levels in months Monday on the spread of coronavirus. But the companies that make your cleaning products are rallying.


Shares of Clorox, Procter & Gamble, Colgate Palmolive and Kimberly-Clark were all up Monday. An outbreak can be good for disinfectant sales: In 2009, when consumers were worried about the spread of swine flu, hand sanitizer sales spiked 70% over a six-month stretch, according to Nielsen.

But the stocks weren’t necessarily rising because investors expect them to sell a ton of cleaning supplies. These companies are defensive stocks, and investors often head to them during volatile periods.

More at source: KTVZ

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