2 Stocks That Have Doubled in 2020 and Look Good for More
The novel coronavirus pandemic has caused a significant shift in the way people work, with shelter-in-place orders and lockdowns sending a hefty chunk of the workforce across the globe toward remote work as offices have shuttered to contain the spread of COVID-19. Surveys conducted by third parties and compiled by IT company Riverbed Technology reveal that 88% of organizations have implemented remote working models, with 31% of the respondents suggesting that COVID-19 has triggered the shift.
However, 54% of human resources executives surveyed see weak infrastructure as a barrier to remote working. Not surprisingly, demand for technology solutions that help employees work smoothly from remote locations has been on the rise during the pandemic. Zoom Video Communications (NASDAQ: ZM) and Twilio (NYSE: TWLO) are two such companies that have benefited from the shift to remote working, delivering huge gains to investors in the process.
And it looks like they won't be slowing down any time soon, given the rising numbers of infections in the U.S. and across the globe.
Source Fool.com