Stay-at-home stocks soar as Wall Street rebounds

With people across the United States told to work from home and avoid large social gatherings to slow the spread of COVID-19, office messaging app seller Slack jumped 18%, while stationary exercise bike company Peloton jumped 19%.

Video streaming service Roku rallied nearly 10%, while SmileDirectClub, which sells orthodontic braces online, surged 24%. Slack, Peloton and SmileDirectClub were among a wave of unprofitable companies that held highly anticipated stock listings in 2019, and their shares have been volatile since then.soared 5.1%, rebounding from Monday's 12% loss, which was the worst one-day decline since 1987.

StayAtHomeSocks

Roku is down 50% in 1 month and 'soaring' today by 7%...

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Wall Street says these things must happen before the market will stop plunging and bottomStrategists said stocks would only bottom when more fiscal stimulus is rolled out and the coronavirus outbreak stops worsening. Bring Mark Faber on,let's hear what he has to say Stimulus is considered both good and panic. It should have been promised after more study. The FED hitting them over the head with huge cuts has pushed the panic button. In other words, this crap is going to continue till everyone practically goes broke.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »