(Disclosure: Rose Law Group represents Meritage Homes.)
By Russ Wiles | Arizona Republic
The COVID-19 outbreak and economy-busting efforts to slow the disease have taken a toll on a lot of businesses. Unemployment has surged, consumer confidence has dropped, some companies have closed their doors, and it remains to be seen if the federal government’s pump-priming efforts will stoke inflation or a serious debt problem down the road.
But many Arizona-based companies, and their stock prices, aren’t feeling much pain.
Several of the state’s leading companies have reported stronger financial results in spite of the pandemic. The year 2020 might turn out to be stellar for investors in these corporations, as the Dow Jones Industrial Average, the Standard & Poor’s 500 index and other market barometers flirt with record highs.