In early March of last year, we highlighted an initial basket of stocks whose businesses aligned with pandemic trends which we aptly named: Stocks for the COVID Economy. We have periodically checked back in on these stocks since initially debuting the list, and seeing as COVID fears are once again a driver of price action again today, we thought we would check back in on the stocks for the COVID economy.
While the S&P 500 is set to close down roughly 2% on the day, the stocks listed in the table are down an average of just 2 basis points. A third of the stocks listed are in the green on the day even though the S&P 500’s net advance/decline reading is -437. Stay-at-home names like Chewy (CHWY), Peloton (PTON), Teladoc (TDOC), and Chegg (CHGG) are all leading the way higher today with gains of more than 2%. MarineMax (HZO), FedEx (FDX), Regeneron (REGN), DR Horton (DHI), and Campbell Soup (CPB) are all higher on the day as well. If it were not for its Five9 (FIVN) acquisition announcement, we think Zoom (ZM) would likely also be higher. Click here to view Bespoke’s premium membership options.