Zoom, DocuSign, Teladoc, Wayfair, and Peloton Will Also Win in 2021
Last week was rough for the stocks that have thrived in the new normal. Zoom Video Communications (NASDAQ: ZM), DocuSign (NASDAQ: DOCU), Teladoc Health (NYSE: TDOC), Wayfair (NYSE: W), and Peloton Interactive (NASDAQ: PTON) all suffered double-digit percentage hits last week even as the general market moved higher.
Unless you happened to be buying into any of these names earlier this month you're probably doing just fine right now. The five high-flying investments have risen between 119% (Teladoc) and 493% (Zoom) in 2020 even after last week's slide. Wall Street seems to be rotating out of these stay-at-home bellwethers that initially bucked the market malaise when the COVID-19 crisis became a stateside reality.
Don't buy into the freshly fashionable pessimism. They were winners earlier this year because they had the right models at the right time. They will continue to trounce the market in 2021 because they are all riding hot trends that aren't going away anytime soon.
Source Fool.com
