Skip to main content
The Globe and Mail
Get full access to globeandmail.com
Support quality journalism
Just $1.99 per week for the first 24 weeks
Just $1.99 per week for the first 24 weeks
The Globe and Mail
Support quality journalism
Get full access to globeandmail.com
Globe and Mail website displayed on various devices
Just$1.99
per week
for the first 24 weeks

var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){console.log("scroll");var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))}pencilInit(".js-sub-pencil",!1);

A humorous look at the companies that caught our eye, for better or worse, this week

Amazon.com (STAR)

Six months’ supply of toilet paper? Check. Eight-gallon jug of hand sanitizer? Check. Five 1,000-piece jigsaw puzzles to keep the kids occupied for the next several months? Check. With folks hunkering down in their homes as they ride out the coronavirus pandemic, more consumers are ordering their daily essentials from Amazon.com. Business is a little too good, it seems: The company had to temporarily close its Amazon Prime Pantry service, which sells groceries and household products, after it was overwhelmed by “high order volumes.” Thanks a lot, hoarders.

AMZN - Nasdaq

Story continues below advertisement

Keg Royalties Income Fund (DOG)

In the past, getting a reservation at the Keg on a Saturday night could be a challenge. Now, it’s impossible. The popular steakhouse, as with thousands of other sit-down establishments, has temporarily closed its doors as governments try to fight the spread of the novel coronavirus. Investors may have lost their appetites for restaurant stocks for now, but when the pandemic recedes and establishments start opening their doors again, what say we all go out for a nice meal and leave a big tip?

KEG.UN - TSX

Uber Technologies (STAR)

Suddenly, walking 20 blocks doesn’t seem like such a chore after all. With more people walking, cycling or staying at home to avoid the coronavirus, Uber said the number of rides has tumbled by as much as 70 per cent in hard-hit cities such as Seattle, with San Francisco, Los Angeles and New York expected to show similar declines. Even with an uptick in business from Uber Eats as more consumers order in, the stock still got left at the curb.

UBER - NYSE

Air Canada (DOG)

The coronavirus is wreaking havoc everywhere, but few sectors are feeling the pain more than airlines. Air Canada said it will suspend most international and U.S. flights by March 31, and plans to lay off more than 5,100 flight attendants as Canada’s biggest airline grounds planes owing to the novel coronavirus pandemic. With Air Canada’s stock down 71 per cent in the past month, some investors may have developed a permanent fear of flying.

AC - TSX

Blue Apron Holdings (STAR)

Not long ago, the future had looked grim for meal-kit delivery company Blue Apron. Hit by growing competition, the company’s revenues and stock price seemed to be in an interminable slide. But the coronavirus has changed all that. Blue Apron’s shares surged this week after chief executive Linda Findley Kozlowski said the company has "seen a sharp increase in consumer demand” and is hiring more workers – including laid-off restaurant employees – to meet the increased demand for meal kits from people stuck in their homes. Thanks, coronavirus.

Story continues below advertisement

APRN - NYSE

Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies