Until there’s a vaccine, the coronavirus could get worse.
That’s according to the World Health Organization that just said, “Let me be blunt, too many countries are headed in the wrong direction, the virus remains public enemy number one. If basics are not followed, the only way this pandemic is going to go – it is going to get worse and worse and worse.”
On top of that, U.S. cities like Atlanta, Los Angeles, and San Diego will keep schools closed this Fall. Businesses throughout California are being locked down. Hospitals are being overwhelmed with patients. All as it appears global economies opened far too soon.
Los Angeles could close again. In fact, Mayor Eric Garcetii, “We’ve never had as many people [in L.A.] infected, or infectious. We’ve never had as many recorded positive cases each day, and we’ve never had as many people in the hospital as there are tonight as I speak to you.”
As of this morning, the global count was up to 13.578 million with 584,782 deaths. The U.S. leads the pack with nearly 3.5 million cases. Brazil is nearing two million. India is up to 968,857. Russia is up to 751,612. Peru is nearing 340,000.
Again, until there’s a vaccine, the situation could only get worse — and could force the world back into lockdown mode. With that fear mounting, we want to jump back into stocks that could benefit, including Fiverr International (FVRR).
In the last lockdown, growth only accelerated for the company, as businesses around the world hunted for freelance help.
“A lot of businesses are taking this opportunity to move from offline to online. I don’t think that this is going away,” said CEO Micha Kaufman in a Q1 earnings call. “What we’re seeing from our data right now is very consistent with a very resilient activity of our customers across all cohorts, including new ones.”
Shares of FVRR last traded at $82.76 and could move to $90 on virus concerns.