Top Advisors Corner

The Ultimate Work-From-Home Stocks

 | 

Hello fellow StockCharts Users. As you all know, in recent weeks, with the Coronavirus getting more severe, we have seen companies mandating their employees to work from home. What's interesting is that I don't see many people talking about these companies that can benefit from this switch. However, I see more headlines on these Consumer Staple stocks such as Clorox (CLX), Kroger (KR) and so on. I thought I would break down the most interesting companies that can benefit from this shift to work from home.

"DocuSign (DOCU) provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all asp." (MarketWatch). The stock broke out late last year and, like many stocks, has fallen alongside the market. However, the stock has been hitting new relative highs to the $SPY and the ($XLK) Technology Sector. The stock now sits right below its 40-week MA, which is also the area from where it broke out of late last year.

"Citrix Systems, Inc. (CTXS). engages in the design, development and marketing of information technology solutions. It provides digital workspace that unifies apps, data and services. It markets and licenses its products directly to customers through web, systems integrators, value-added resellers, and ser..." (MarketWatch). The stock has recently broken out of a big base and seems to be holding above 115. I will note that the weekly candle did form a shooting star candle, but as long as it's above 115 it's still potentially interesting. The stock as well is hitting new relative highs to the $SPY and Technology Sector ($XLK).

Finally, the most popular one... Zoom Video Communications (ZM). "Zoom Video Communications, Inc. engages in the provision of video-first communications platform. It connects people through frictionless video, voice, chat and content sharing, and enable face-to-face video experiences for thousands of people in a single meeting across disparate devices and location..." (MarketWatch). Zoom is a fairly new listing that is approaching it's one-year anniversary as a public company. The stock has just now broken above the high it made back in June. Zoom is hitting new relative highs to the $SPY & ($XLK) Technology Sector.

- Aleksandar Bozic

Technical Analyst, ValueTrend Wealth Management

LIMIT YOUR RISK, KEEP YOUR MONEY


Interested in ValueTrend's Investment Process?

Call us Toll Free at 1-888-721-8736

Email Aleksandar Bozic at abozic@valuetrend.ca

It is our strong conviction that the investors who profit over the next 3-5 years will be those who are willing to adapt to the ongoing cycles and trends that occur during the final stages of a growth cycle. Our Wealth Management services will ensure that your portfolio is well-positioned in light of these cycles. If your current advisor(s) are not providing you with the level of service and investment management that is necessary to deal with today's realities, perhaps it's time to take a look at ValueTrend. Here, you can choose an approach to wealth management that is far different to that provided by traditional brokerages and money managers. You'll welcome our friendly, personal alternative to the cold, detached traditional investment houses or big-bank firms.

If you are interested in learning more about Breakouts and how ValueTrend incorporates them into their investment process, you can watch this recording of the webinar we recently did here.

Disclaimer: Aleksandar Bozic is a Technical Analysis Associate at ValueTrend Wealth Management. He can be contacted at abozic@valuetrend.ca. He may hold positions in the securities mentioned. The information provided is general in nature and does not represent investment advice. It is subject to change without notice and is based on the perspectives and opinions of the writer only. It may also contain projections or other "forward-looking statements." There is significant risk that forward-looking statements will not prove to be accurate and actual results, performance or achievements could differ materially from any future results, performance or achievements that may be expressed or implied by such forward-looking statements and you will not unduly rely on such forward-looking statements. Every effort has been made to compile this material from reliable sources; however, no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please consult an appropriate professional regarding your particular circumstances. Full Disclosure here.

Aleksandar Bozic
About the author: is a Technical Analyst Associate at ValueTrend Wealth Management. He previously founded the Ryerson Society of Technical Analysts and became the first student ambassador for the CMT Association. He now serves as Chapter Assistant for the Toronto wing of the CMT Association. In addition to numerous guest appearances on StockCharts TV, Aleks has appeared on Yahoo! Finance TV and has been invited to speak about his investment and charting methodologies to multiple chapters of the CSTA. Learn More
Subscribe to Top Advisors Corner to be notified whenever a new post is added to this blog!
comments powered by Disqus