Home Business Some smiles in the global sell-off, Zoom leads Wall Street’s ‘stay at home’ stocks. Netflix stands out among the Faangs

Some smiles in the global sell-off, Zoom leads Wall Street’s ‘stay at home’ stocks. Netflix stands out among the Faangs

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In the wave of sales that is sweeping the markets, with the tensions linked to the spread of the South African variant, there is no shortage of stocks that go against the tide. They are the so-called stay at home stocks that had made converters among traders during 2020.

On Wall Street stands Zoom (+ 8% at $ 225), the videoconferencing giant that in recent weeks had accentuated its negative trend due to the slowdown in growth following the reopening. The new Nu variant has also sparked interest in the title of the indoor cycling company Peloton which scores + 3% and among the giants Faang we note Netflix (+ 1%), also among the potential beneficiaries of any new waves of restrictions and closures.

Just below Amazon parity (-0.36% at $ 3,566) on Black Friday. Even the ecommerce giant last year benefited greatly from lockdowns around the world that led to a boom in online orders.

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