Alpha Pro Tech (APT): Mask stocks rally after New Jersey takes...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	52
Posts	4107
Boards Moderated	0
Alias Born	07/03/2005

Opti Mist

Re: Katloose post# 3763

Wednesday, 07/08/2020 1:34:02 PM

Wednesday, July 08, 2020 1:34:02 PM

Mask stocks rally after New Jersey takes action
Jul. 8, 2020 1:20 PM ET|About: Alpha Pro Tech, Ltd. (APT)|By: Clark Schultz, SA News Editor
New Jersey Governor Phil Murphy says masks are now required in the state outdoors when social distancing isn't possible.

The development has sent mask manufacturers Alpha Pro Tech (APT +8.2%), Allied Healthcare Products (AHPI +7.8%) and Lakeland Industries (LAKE +6.0%) higher.

Gaps (GPS +0.4%) is slightly up on the day, but Etsy (ETSY -1.0%) is lower.

Goldman Sachs thinks the mask mandate is positive for the market in general. The firm sees upside as more Americans wear masks and more local governments institute rules, pointing to data showing the high correlation in Europe and Asia of widespread mask usage through policy or cultural norms to fewer COVID-19 cases, hospitalizations and fatalities. GS estimates national face covering in the U.S. could prevent a 5% hit to national GDP.

Opti

Hebrews 11:6 And without faith it is impossible to please Him, for he who comes to God must believe that He is and that He is a rewarder of those who seek Him.