EDITOR'S NOTE
The coronavirus outbreak remains a threat to global economic growth, and it's not clear how much longer stock investors can underestimate it.
World Health Organization officials on Friday said new cases in Iran are "very worrisome" because they're not linked to the epicenter of the outbreak in Wuhan, China. In the U.S., the Centers for Disease Control and Prevention said it's likely the disease could start spreading here and it's preparing for a pandemic.
Companies are lowering their earnings guidance as the epidemic crimps the flow of global commerce. Coca-Cola, for one, is projecting a drop in sales and an impact of 1 to 2 cents per share to its first-quarter earnings. "A near-term hit to corporate earnings now looks unavoidable," Peter Berezin, chief global strategist at BCA Research, said in a note.
![]() Stocks ended lower Friday. Gold reached another seven-year high and the yield on the 30-year Treasury bond hit a record low as some investors sought safer bets.
"The virus is totally underrated," CNBC's Jim Cramer said Friday. "What I think is a little too premature is they all presume that it is going to be solved within a foreseeable time frame. At what point do we say that many, many companies are going to be hurt by the virus [and] we're paying too much for stocks?"
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Jumat, 21 Februari 2020
Stocks end week with losses | 30-year Treasury hits low | What will coronavirus cost investors??
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