The U.S. is in desperate need for more face masks.
As we noted earlier this week, political leaders from both sides of the aisle are urging Americans to wear protective coverings, which can reduce transmission by 85%. With face mask demand outweighing supply, we could run into a massive problem.
That could grow worse with Goldman Sachs noting that a “federal face mask mandate would not only cut the daily growth rate of new confirmed cases of Covid-19, but could also save the U.S. economy from taking a 5% GDP hit in lieu of additional lockdowns,” as noted by CNBC.
Plus, states like New Jersey are now requiring people to wear masks outside under a new mandate signed by Gov. Phil Murphy. “The mandate, which Murphy had been hinting at as the state transmission rate of the novel coronavirus has increased over the past few days, applies to all outdoor spaces but does allow for multiple exceptions,” says North Jersey.
Atlanta just mandated face masks as well.
In fact, Mayor Keisha Lance Bottoms reportedly signed an order yesterday requiring the use of masks in the city. This comes just days after Savannah mandated masks, as well. Face masks will also be required indoors except at home in Dane County in Wisconsin, too.
“Public health research now shows that face coverings are critical to slowing the spread of COVID-19,” Janel Heinrich, director of Public Health Madison and Dane County, said as quoted by the Wisconsin State Journal. “Given the current number of COVID-19 infections in our county, we need to all be wearing face coverings every time we leave the house.”
That being said, some of the top face mask stocks to keep an eye on include:
· 3M (MMM)
· Alpha Pro Tech (APT)
· Etsy (ETSY)
With more states likely to mandate face mask use, related stocks could explode higher.