2 Hypergrowth Stocks That Will Be Hurt by Reopening
After various degrees of economic lockdowns around the world, economies are beginning to reopen. Several vaccines have proven successful in slowing the spread of the coronavirus. Still, the reopening is not on even footing. Countries that were early in getting access to vaccines were the quickest to reopen economies and remove mobility restrictions.
Overall, more than 3.5 billion doses of vaccines have been administered, and the pace of administration has surged to over 30 million shots per day. According to Bloomberg, it would take just nine months to vaccinate 75% of the world's population at that pace.
The effectiveness of the vaccines, the rapid pace of vaccine administration, and the overall fatigue from staying at home are all trends that will help the broader economy but will likely hurt companies like Roblox (NYSE: RBLX) and DoorDash (NYSE: DASH). These two stocks benefited tremendously when folks were cooped up at home, but they could get hurt as economies reopen.
Source Fool.com
