People wear glove everyday to protect themselves ?? Covid19 going to end soon, the valuations for glove stocks would definitely reverse it course on the way down, no doubt about it. The next uptrend circle is definitely belongs to O&G stocks, i will definitely place my bet on O&G rather than glove stocks.
I believe the ASP of gloves will stabilize (stop going up) by 3rd quarter 2020 and remain at that level until a vaccine is found and widely distributed.
CCCL, 3M business is extremely diverse, total sales drop by 20% does not mean N95 mask sales is not growing. And N95 masks market is considerably smaller/ negligible to that of gloves.
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greedy44444
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Posted by greedy44444 > 2020-06-24 10:52 | Report Abuse
People wear glove everyday to protect themselves ?? Covid19 going to end soon, the valuations for glove stocks would definitely reverse it course on the way down, no doubt about it. The next uptrend circle is definitely belongs to O&G stocks, i will definitely place my bet on O&G rather than glove stocks.