These 2 Tech Stocks Could Be Post-Pandemic Winners
It's been a little over a year since COVID-19 shut down the global economy. The pandemic was brutal for most businesses, temporarily shuttering major retailers' brick-and-mortar stores and sparking the airline crisis. Still, many investors made money betting on tech stocks like Zoom Video Communications and Amazon that benefited from the pandemic.
Today, the tide is beginning to turn. The economy is showing signs of life, with March retail sales rising 28% year over year. Unemployment claims are at the lowest since the coronavirus market crash (although still historically high). As more Americans get vaccinated, economic growth should pick up.
As a result, investors are rotating some of their money out of high-growth tech stocks into "reopening" stocks -- companies that could be big winners when things get back to normal. But there are also tech stocks that are likely to perform well as the economy reopens. Airbnb (NASDAQ: ABNB) and Square (NYSE: SQ) are two of these stocks -- and here's why.
Source Fool.com
