Work at home stocks selling off and oil , entertainment stocks on the rise
by olly123 | November 9, 2020 12:11 pm
Any way to jump on hidden gems as the obvious stocks have already taken off . Any suggestions ?
Source URL: https://www.stockgumshoe.com/2020/11/microblog-work-at-home-stocks-selling-off-and-oil-entertainment-stocks-on-the-rise/
Lots of fluctuation in all of those trends in the last week, eh?
I wouldn’t be so quick to give up on all of this year’s winners if you’re a long-term investor, some trends like e-commerce and distributed work and increased cloud/SaaS demand aren’t going anywhere even if the transition slows back down a wee bit. Valuations might well come under scrutiny again, but the best of these companies can likely grow into those valuations. I’d be more worried about the possibility that a second dip to the recession could hit as we wait for a vaccine, but as long as the market continues to believe that a vaccine will be available within a year we can look past that. At least, for the companies who won’t go bankrupt in the meantime.