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US equities set new record highs this week, shrugging of coronavirus fears that gripped them last week.
Coronavirus, the fast-spreading illness thought to have originated in Wuhan, China, has killed over 560 and infected over 28,000. The impact the virus could have on Chinese and global growth preoccupied markets last week, but after a mix of positive domestic data and rumors of a coronavirus treatment, sentiment reversed this week.
The S&P 500 closed at a record high Wednesday, and the Dow Jones Industrial Average hit a record intraday high Thursday.
But even though markets are moving on, last week's coronavirus selloff was not without its victims. A number of otherwise healthy large-cap stocks took a beating since the selloff began January 17.
Morgan Stanley analysts compiled a list of 18 such companies that coronavirus pummeled. The firm had held a neutral to buy rating on each name before the selloff, and its analysts say the companies could be well positioned for a rebound when coronavirus concerns subside.
