Zoom has experienced a surge in users during the COVID-19 lockdown. As many as 200 million users are logging on each day; that figure was just 10 million daily users on average before the pandemic. Zoom now ranks as the top video conferencing platform in the U.S. at a nearly 43% share. Here are 17 work-from-home stocks to buy that are at the epicenter of this phenomenon. Each of these provides a way to leverage this trend well into the future – including one play that lets you invest across dozens of WFH stocks at once.
During Slack's April quarter, it added 12,000 new paying, and more than 90,000 net new organizations joined via free or paid plans. According to a Gartner Group survey, 75% of companies plan to let more employees work remotely. Employees are embracing this trend too; a Gallup poll shows 60% want to continue working remotely after restrictions end. The pandemic drove increased adoption of contactless payments like Apple Inc.’s AAPL, +2.38%Apple Pay, which has translated into better traction for that service online as well.
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Namely, the Direxion Work From Home ETF. The fund gives access to businesses that are likely to benefit from a flexible approach to the work environment. Such firms focus on cybersecurity, cloud technology, remote communications and online project management. Alphabet did well after the market dip in March, recovering quickly alongside the other big companies around them. And the company has continued to grow, even with the uncertainty of the pandemic. With the previous quarter’s revenue growth increasing 20%, the share price has continued to rally. Now, investors are waiting in anticipation of Q4 results, which are due in a few days.
Webull is an intuitive trading platform great for beginners and experienced investors. Not only will you find all the stocks listed here, but they will also give you a free stock just for signing up. And Microsoft Teams experienced 70% growth in its Teams daily active user base to 75 million users collaborating on its platform. Among analysts who have TTWO among their work-from-stocks to buy is BMO analyst Gerrick Johnson. Johnson upgraded the stock to Outperform in May, citing the company's strong core franchise and ability to capitalize on opportunities in new platforms, distribution models and gaming genres.
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Plus, with the vast majority of internet users on Alphabet’s products, online companies are setting up their websites via the cloud, as no other companies can provide the traffic that Google does. The global number of novel coronavirus cases has passed 100 million. As many nations brace for the third wave of the pandemic, one of the most important consequences of the coronavirus has been the shift toward the work-from-home trend. For Wall Street, the main result has been an increase in revenue and share prices of companies that have been at the forefront of this shift. CrowdStrike’s Falcon platform is a leader in endpoint and cloud security. It creates a vast network of all of its clients and uses artificial intelligence to transfer data from any breach to the rest of the network.
This article is being provided for informational and educational purposes only and on the condition that it will not form a primary basis for any investment decision. Some might offer a chance for early-stage investing via equity crowdfunding campaigns or private equity funds. Take a look at those options if you like early-stage investing.
Work-From-Home Stocks - FAQ
What’s more, another factor in DocuSign’s rapid expansion has been an increase in buying homes and vehicles online during the pandemic. The new normal has undoubtedly contributed to DocuSign’s explosive growth. Since most white-collar employees are now working from home, even documents have to be signed by multiple people virtually. Naturally — with so many people staying in — pizza delivery has benefited from the current work-from-home trend.
Many businesses have taken at least a short-term hit from the COVID-19 economic shutdown, but a few fortuitously positioned companies have actually thrived. And arguably the biggest winners have been so-called work-from-home, or WFH, stocks. Intraday Data provided by FACTSET and subject to terms of use. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.
“This fund gives you a mixture of up-and-comers whose business model is being driven by that theme, and some megacaps that will get stock price growth from many things. Additionally, many of these remote work stocks have great business models that can withstand changes to the economy. Many other tech stocks have been faltering lately, as investors are expecting the pandemic to end and workers to return to the office. By providing cloud based data storage, it’s much easier for companies to work remotely. This technology giant offers a huge range of services that employees rely on to work remotely.
Additionally, net income was $2.6 million, or 18 cents per diluted share. A year ago, the company had announced a net loss of $1.6 million, or a loss of 10 cents per diluted share. Personally, I think a lot more companies are going to at least provide their employees with the option of work from home. Does it make sense to make everyone come into the office only to hop onto video calls?
In its previous fiscal year , the company reported revenue of $915 million. As an alternative, many people are using their own equipment at home now. In turn, that trend has fueled tremendous demand for Peloton’s exercise bikes and treadmills. We did not receive compensation from any companies whose stock is mentioned in this report. No part of the writer’s compensation was, is, or will be directly or indirectly, related to the specific recommendations or views expressed in this article.
Okay, that might be a little dramatic, but working from home has never been more accepted than it is now. The COVID-19 pandemic may have changed the way we do business forever. It took away the ability to be in close contact with our co-workers and clients. It forced many of us to do our jobs from home for the first time.
They’ve been on a sharp growth trajectory as revenues have soared during the pandemic. Today, they develop and sell many different electronics and software products. This article will discuss the best work-from-home stocks to buy in a rapidly changing economy.
