3 Coronavirus Winners That Will Keep Moving Higher
It's not just folks overrun with videoconferencing calls who are experiencing Zoom fatigue these days. Investors saw this play out last week when Zoom Video Communications (NASDAQ: ZM) put out a monster report, only to see its shares fall sharply after the initial euphoric pop.
The quick reversal of Zoom's post-earnings surge prompted Eric Savitz at Barron's over the weekend to wonder if we're nearing the end of the remarkable run of the work-from-home basket of stocks. Shares of companies including Zoom, Peloton (NASDAQ: PTON), and Teladoc Health (NYSE: TDOC) have been among this year's biggest gainers, up 205%, 62%, and 93%, respectively in 2020. Are the days of market-thumping returns for these stocks now over as growing chunks of the country emerge from the shelter-in-place phase of the pandemic? Don't bet on it. These market darlings should keep winning.
Image source: Getty Images.
Source Fool.com
