Jim Cramer: Coronavirus Could Impact These Two Sectors

Author:
Publish date:
Video Duration:
55

Let's start this off by explaining what the coronavirus is. 

The Coronavirus afflicts patients with pneumonia-like symptoms that are difficult to detect through traditional medical screening, has killed at least six people and infected more than 200 others. Most of the illnesses and all of the fatalities were in the Chinese city of Wuhan. But cases also were reported in Japan, South Korea, and Thailand.

The U.S. is a major destination for Chinese travelers, with some 3 million visits made by Chinese nationals to the U.S. in 2018, according to the U.S. Travel Association. In addition, China is the No. 1 country of origin for international higher education students in the U.S. – with about 370,000 coming from the Asian nation in 2019 alone, according to the U.S. Department of Homeland Security and the International Educational Exchange. 

When asked about the impact of the Coronavirus, Jim Cramer noted that a lot of it has to do with the impact that SARS had. 

However, he notes that the Coronavirus doesn't seem to be as lethal as SARS was.

And, more specifically, he thinks that two sectors will be hit because of the coronavirus.

Watch the full video above for more. 

Online real estate platform CrowdStreet delivers investors a new way to diversify their portfolios with real estate. Individual investors can use CrowdStreet’s leading online marketplace to connect with a wide array of commercial real estate opportunities and projects to make investing in real estate easy! Download the Real Estate Guide.

Catch up on the Latest Webinars on TheStreet!