{"id":70878,"date":"2020-04-03T13:44:29","date_gmt":"2020-04-03T17:44:29","guid":{"rendered":"http:\/\/www.businesspundit.com\/?p=70878"},"modified":"2020-04-28T18:33:06","modified_gmt":"2020-04-28T22:33:06","slug":"the-biggest-market-losers-of-the-coronavirus-crisis","status":"publish","type":"post","link":"https:\/\/www.businesspundit.com\/the-biggest-market-losers-of-the-coronavirus-crisis\/","title":{"rendered":"The Biggest Market Losers of the Coronavirus Crisis"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/04\/beach-stocks-losses.jpg\"><img decoding=\"async\" width=\"1200\" height=\"2552\" data-src=\"https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/04\/beach-stocks-losses.jpg\" alt=\"The Biggest Market Losers of the Coronavirus Crisis\" class=\"wp-image-70879 lazyload\" data-srcset=\"https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/04\/beach-stocks-losses.jpg 1200w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/04\/beach-stocks-losses-141x300.jpg 141w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/04\/beach-stocks-losses-482x1024.jpg 482w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/04\/beach-stocks-losses-768x1633.jpg 768w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/04\/beach-stocks-losses-722x1536.jpg 722w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/04\/beach-stocks-losses-963x2048.jpg 963w, https:\/\/www.businesspundit.com\/wp-content\/uploads\/2020\/04\/beach-stocks-losses-758x1612.jpg 758w\" data-sizes=\"(max-width: 1200px) 100vw, 1200px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1200px; --smush-placeholder-aspect-ratio: 1200\/2552;\" \/><\/a><\/figure><\/div>\n\n\n\n<p>The COVID-19 pandemic continues to ravage the stock market, with the first quarter closing with some of the steepest downturns in history. Some industries have been hit even harder than most and will likely continue to hemorrhage cash for the foreseeable future.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">&#8220;BEACH&#8221; Stocks:<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>B<\/strong>ooking<\/li><li><strong>E<\/strong>ntertainment and Live Events<\/li><li><strong>A<\/strong>irlines<\/li><li><strong>C<\/strong>ruises and Casinos<\/li><li><strong>H<\/strong>otels and Resorts<\/li><\/ul>\n\n\n\n<p>Companies in the travel and entertainment sectors (the BEACH stocks) have lost a staggering $332 billion in value from February 19, 2020 (the peak of the S&amp;P 500) to March 24, 2020.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">These companies, for example, have sustained catastrophic losses in value due to coronavirus:<\/h4>\n\n\n\n<p><strong>Disney -31%<\/strong><br>NYSE: DIS<br>$255.1 Billion to $177 Billion<\/p>\n\n\n\n<p><strong>Booking Holdings -37%<\/strong><br>NASDAQ: BKNG<br>$80.8 Billion to $51 Billion<\/p>\n\n\n\n<p><strong>Expedia Group -53%<\/strong><br>NASDAQ: EXPE<br>$17.1 Billion to $8.1 Billion<br><br><strong>Allegiant Travel -47%<\/strong><br>NASDAQ: ALGT<br>$2.7 Billion to $1.4 Billion<\/p>\n\n\n\n<p><strong>Cedar Fair -58%<\/strong><br>NYSE: FUN<br>$3.1 Billion to $1.3 Billion<\/p>\n\n\n\n<p><strong>Six Flags Entertainment -66%<\/strong><br>NYSE: SIX<br>$3.2 Billion to $1.3 Billion<\/p>\n\n\n\n<p><strong>Live Nation Entertainment -44%<\/strong><br>NYSE: LYV<br>$16.3 Billion to $9.1 Billion\u00a0<\/p>\n\n\n\n<p><strong>Penn National Gaming &#8211; 63%<\/strong><br>NASDAQ: PENN<br>$4.3 Billion to $1.6 Billion<\/p>\n\n\n\n<p><strong>Delta Airlines -52%<\/strong><br>NYSE: DAL<br>$37.5 Billion to $17.8 Billion<\/p>\n\n\n\n<p><strong>United Airlines -57%<\/strong><br>NASDAQ: UAL<br>$19.7 Billion to $8.4 Billion<\/p>\n\n\n\n<p><strong>American Airlines -50%<\/strong><br>NASDAQ: AAL<br>$12.1 Billion to $6.1 Billion<\/p>\n\n\n\n<p><strong>Southwest Airlines -33%<\/strong><br>NYSE: LUV<br>$29.5 Billion to $19.7 Billion<\/p>\n\n\n\n<p><strong>Alaska Air -54%<\/strong><br>NYSE: ALK<br>$8 Billion to $3.7 Billion<\/p>\n\n\n\n<p><strong>Air Canada -67%<\/strong><br>TSX: AC<br>$8.3 Billion to $2.8 Billion<\/p>\n\n\n\n<p><strong>Las Vegas Sands -34%<\/strong><br>NYSE: LVS<br>$52.8 Billion to $35.1 Billion<\/p>\n\n\n\n<p><strong>Wynn Resorts -51%<\/strong><br>NASDAQ: WYNN<br>$14.6 Billion to $7.2 Billion<\/p>\n\n\n\n<p><strong>Eldorado Resorts -76%<\/strong><br>NASDAQ: ERI<br>$5.4 Billion to $1.3 Billion<\/p>\n\n\n\n<p><strong>Caesars Entertainment &#8211; 58%<\/strong><br>NASDAQ: CZR<br>$10 Billion to $4.28 Billion<\/p>\n\n\n\n<p><strong>Hilton &#8211; 38%<\/strong><br>NYSE: HLT<br>$31.3 Billion to $19.4 Billion<\/p>\n\n\n\n<p><strong>Marriott -48%<\/strong><br>NASDAQ: MAR<br>$48.3 Billion to $25.7 Billion<\/p>\n\n\n\n<p><strong>MGM Resorts International -68%<\/strong><br>NYSE: MGM<br>$16.2 Billion to $6.2 Billion<\/p>\n\n\n\n<p><strong>Park Hotels -66%<\/strong><br>NYSE: PK<br>$5.5 Billion to $1.9 Billion<\/p>\n\n\n\n<p><strong>Wyndham Hotels &amp; Resorts -48%<\/strong><br>NYSE: WH<br>$5.6 Billion to $2.9 Billion<\/p>\n\n\n\n<p><strong>Vail Resorts -41%<\/strong><br>NYSE: MTN<br>$9.9 Billion to $5.8 Billion<\/p>\n\n\n\n<p><strong>Choice Hotels International -46%<\/strong><br>NYSE: CHH<br>$6 Billion to $3.2 Billion<\/p>\n\n\n\n<p><strong>Marriott Vacations Worldwide -59%<\/strong><br>NYSE: VAC<br>$5.3 Billion to $2.2 Billion<\/p>\n\n\n\n<p><strong>Hyatt Hotels -46%<\/strong><br>NYSE: H<br>$9.1 Billion to $4.9 Billion<\/p>\n\n\n\n<p><strong>Carnival -67%<\/strong><br>NYSE: CCL<br>$30.8 Billion to $10 Billion<\/p>\n\n\n\n<p><strong>Royal Caribbean Cruises -68%<\/strong><br>NYSE: RCL<br>$23.2 Billion to $7.5 Billion<\/p>\n\n\n\n<p><strong>Norwegian Cruise Line -72%<\/strong><br>NYSE: NCHL<br>$11.1 Billion to $3.1 Billion<\/p>\n\n\n\n<p>While the <strong>airlines<\/strong> specifically will receive aid from the <a href=\"https:\/\/www.businesspundit.com\/first-coronavirus-cares-act-stimulus-payments-arrive-today\/\" >CARES Act<\/a>, <strong>a large chunk of the $2 trillion relief aid will go to big businesses<\/strong>. The injection of cash will certainly help many companies and their workers, but falls far short of recovery. It&#8217;s not known how long it could take for the BEACH stocks to recover &#8212; or if they will be able to at all.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The COVID-19 pandemic continues to ravage the stock market, with the first quarter closing with some of the steepest downturns in history. The BEACH companies have suffered steep losses in value in the last month.<\/p>\n","protected":false},"author":74,"featured_media":70880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8281,25,1197],"tags":[],"class_list":{"0":"post-70878","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"category-business","9":"category-economy"},"acf":[],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/70878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/comments?post=70878"}],"version-history":[{"count":2,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/70878\/revisions"}],"predecessor-version":[{"id":71356,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/posts\/70878\/revisions\/71356"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media\/70880"}],"wp:attachment":[{"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/media?parent=70878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/categories?post=70878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businesspundit.com\/wp-json\/wp\/v2\/tags?post=70878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}