Omicron: 3 Stocks That Will Still Thrive

The Omicron variant is shaking the world but Cargojet Inc (TSX:CJT) is safe from the contagion.

| More on:
globe with a mask and text coronavirus

Image source: Getty Images

We’re approaching the end of November, and the Omicron variant is here. While last week’s panic calmed down over the weekend, there is still some concern about the new COVID-19 variant. It’s looking like Omicron may be significantly less lethal than previous variants of COVID, but may also be more transmissible. Scientists aren’t sure what we’re dealing with here, so nations of the world are playing it safe and imposing travel bans.

As long as travel bans are part of the conversation, then industries like travel and lodging are going to be hit hard. But there are other industries that can handle the worst COVID can throw at them. Industries that not only survived but also thrived during the pandemic’s initial outbreak. In this article, I will explore three such companies whose stocks could do fine amid the Omicron outbreak.


Cargojet (TSX:CJT) is a passenger airline that ships packages for e-commerce companies. Any time you order something online, there is a good chance that CJT or a similar company is shipping it to you. CJT stock fared pretty well in the first COVID-19 outbreak. In the second quarter, it grew its revenue by 65% year over year. The COVID-19 pandemic forced many retail stores to close, resulting in a surge in e-commerce shopping. This in turn led to a jump in sales for companies like Cargojet, which were tasked with flying the orders out to their destinations.


Shopify (TSX:SHOP)(NYSE:SHOP) is a Canadian e-commerce company that fared extremely well in 2020. The COVID-era retail store closures led to Shopify posting four consecutive quarters of growth above 90%. Since then, the company’s growth has decelerated down to 46%, which is still very strong. The thesis for investing in SHOP was pretty much intact even with that deceleration.

Everybody knows that it’s harder to produce strong growth compared to a strong base period. It was priced in. But now, with Omicron making an appearance, there’s a possibility that Shopify’s most favourable catalyst (retail closures) will return. If that ends up being the case, we could see a 90% growth return once more.


Last but not least we have Wal-Mart (NYSE:WMT). As you probably know, it’s a U.S. retail giant that sells low-priced goods like groceries, clothing, and electronics. Wal-Mart was one of the few traditional retailers that did well in 2020. Its sales grew 6.7% to $559 billion.

As an essential service company selling groceries and medication, Wal-Mart was able to keep most of its stores open throughout the pandemic. If lockdowns were to resume again, then Wal-Mart would likely thrive, as its products are vital to peoples’ day-to-day lives. It also has a growing e-commerce presence. This is a stock that could do well in the event of Omicron-inspired lockdowns.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Andrew Button has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends CARGOJET INC. and Shopify.

More on Investing

Man data analyze
Dividend Stocks

3 Top Dividend Stocks I Can’t Wait to Buy in 2023

Top Dividend Aristocrats are worth buying in almost every market, especially if you hold them long term. However, weak markets…

Read more »

financial freedom sign
Dividend Stocks

Buy 2,911 Shares in This TSX Stock for a Shot at $1 Million in 32 Years

You might not see insane growth overnight, but you won't see insane drops either from this TSX stock offering a…

Read more »

Dividend Stocks

A Dividend Heavyweight I’d Buy Over Enbridge Right Now

BCE Inc. (TSX:BCE) is a dividend heavyweight I prefer over Enbridge Inc. (TSX:ENB) due to its value and impressive income…

Read more »

stock data

Better Buy: Aritzia Stock or Canada Goose?

Aritzia stock has notably underperformed Canada Goose in the last five years.

Read more »

sale discount best price
Bank Stocks

3 Dirt-Cheap Bank Stocks to Buy on the Dip

The bout of volatility for global banks has offered up a buying opportunity for bank stocks like Bank of Montreal…

Read more »

edit Close-up Of A Piggybank With Eyeglasses And Calculator On Desk
Bank Stocks

The Best Canadian Bank Stocks to Buy for Your TFSA

The recent decline is a good time to explore and accumulate shares in the big Canadian bank stocks in your…

Read more »

edit U-turn

1 Dividend-Rich Stock Ready for a Potential Recovery Year

Restaurant Brands International (TSX:QSR) could be ready to roar, whether or not the markets are in for a recovery year.

Read more »

Hour glass and calendar concept for time slipping away for important appointment date, schedule and deadline
Dividend Stocks

2 Best Monthly Dividend Stocks for March 2023

There are plenty of monthly dividend stocks to buy right now, but prospective investors should take a closer look at…

Read more »