In a Post COVID-19 World, Work at Home Stocks, Are a Solid Investment

By: Jared Evan

What stocks are the Wall Street experts expecting to be fruitful for the investor in the post COVID-19 world?

Crain’s pointed out: The Wall Street guys apparently think Etsy will be a big winner in the post-Covid world—The Brooklyn-based e-tailer reported stronger-than-expected earnings Wednesday, thanks to so many folks buying masks they can’t find in pharmacies. Etsy’s stock price has risen 67% this year, and its billion-market value is larger than Macy’s, The Gap and Nordstrom put together.

Etsy is an American e-commerce website focused on handmade or vintage items and craft supplies. These items fall under a wide range of categories, including  jewelry, bags, clothing, home décor and furniture, toys, art, as well as craft supplies and tools. All vintage items must be at least 20 years old. The site follows in the tradition of open craft fairs, giving sellers personal storefronts where they list their goods for a fee of US$0.20 per item.

Market Watch reported a very significant observation, which you don’t have to be a professional trader to realize: an obvious beneficiary in the work-at-home trend include companies that help remote employees collaborate with their bosses, colleagues, clients and customers.

Jefferies analyst Samad Samana, spoke to Market Watch and looked at RingCentral RNG  , described as cloud-based system that can tie it all together, making it easier for home-based workers to connect via online meetings, team messaging, video and voice. Other companies involved in remote office technologies include web conferencing and collaboration include Zoom ZM, Slack WORK, , Atlassian TEAM, , Dropbox DBX. Samana also likes NICE NICE, which helps companies set up cloud-based contact centers. DocuSign DOCU will also help with paperwork flow.

Some other interesting notes from Crain’s : Sam Adams maker Boston Beer hit a 52-week high Wednesday (stronger berr apparently is more popular in lock-downs, as Anheuser-Busch is trading at an all-time low , Atlas Air Worldwide Holdings on Thursday reported an increase in first-quarter operating earnings (air-freight company, due to grounded flights, the cost of air-freight is increasing)

Market watch noted that computer security is going to become more important with more work at home, its easier to hack into business computer’s and data and CrowdStrike CRWD, , Varonis VRNS, +, Palo Alto Networks PANW,  , Okta OKTA, and Ping Identity PING,  . are ones to be looked at .

Market Watch Noted: Cloud-based desktop virtualization systems store employee desktops remotely on servers instead of locally on devices. This helps remote employees access their work desktops from many different devices including PCs, smart phones and iPads, which makes it easier to work from home. The work-at-home trend will help companies that offer virtual desktop software like Citrix CTXS, VMware VMW, and Microsoft, says Jefferies analyst Brent Thill.

Work at home appears to be the trend with more of the rising stocks, technology which serves the nontraditional office are on the rise, office space and retail are on the demise