Work-from-home stocks are in the spotlight on Wall Street - Business Insider

Wall Street analysts are keeping an eyeing on the shares of companies that are getting a lift from the sudden rise of the remote workforce.They include companies that offer tools that make it easier to communicate, like Microsoft and Slack, access networks, like Citrix, and store and process documents, like Docusign.

Slack shares joined the tech plunge as the coronavirus was escalating, but the stock has bounced back and is up about 9% year to date. The fourth is Citrix, which gives employees access to virtual PCs hosted from their network, a valuable tool in the work-from-home era. "The three PC horsemen — Dell, Hewlett Packard and Lenovo — will all do well," analyst Patrick Moore had of Moor Insights & Strategy told Business Insider. I'm already seeing indications of that. PC sales are through the roof."

Morgan Stanley analyst Meta Marshall told clients in a note last month that the two networking companies are "best positioned" to benefit from the remote workforce trend because of their huge customer bases.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street looks for light at end of tunnel, sees risk stocks will re-test lowsWall Street analysts and investors see a risk that stocks could retest recent lows in the coming days or weeks as they worry about the spread of the virus and its impact on the economy, although some spot glimmers of light at the end of the tunnel. Just what you all hope for but 4MOREYEARS coming Someone should let Shorty Medlocke's estate know that because he's going to be collecting a boatload of royalties on the Train coming down the tracks & rolling right through that idea. Blackfoot Thelightattheendofthetunnel Wall at the end of the tunnel more likely!
Source: Reuters - 🏆 2. / 97 Read more »

Wall St. looks for light at end of tunnel, sees risk stocks will re-test lowsWall Street analysts and investors see a risk that stocks could retest recent lows in the coming days or weeks as they worry about the spread of the virus and its impact on the economy, although some spot glimmers of light at the end of the tunnel. Why is the stock market going up when unemployment is rising? S&P is headed to 2000
Source: Reuters - 🏆 2. / 97 Read more »