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Market Overview

These 10 Stocks Have Surged During The Coronavirus Pandemic

These 10 Stocks Have Surged During The Coronavirus Pandemic

The coronavirus has sent the market into a volatile frenzy over the past three months. After crashing towards the beginning of the global crisis, major indices have slowly recovered. That being said, the market in general has struggled as a result of the COVID-19 pandemic.

However, some companies have succeeded due to the effects of the coronavirus. For various reasons involving production and demand, these 10 companies have thrived due to the current global pandemic.

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  • Clorox


    Clorox Company (NYSE: CLX) has grown tremendously during the pandemic. On Feb. 15, Clorox’s stock closed at around $165 per share.

    As of Memorial Day weekend, the sanitizing company’s stock is near $200, representing a 21% increase in value. While those who hoarded Clorox wipes stayed healthy, those who hoarded Clorox stock got rich!
  • Zoom Video

    Zoom VIdeo

    One of the initial steps of the national lockdown was “work from home” orders. Offices shut down, and work switched to alternative formats — specifically, meetings, calls, and collaborations took to online video platforms, such as Zoom Video Communications Inc (NASDAQ: ZM).

    As such, the company’s stock has skyrocketed. Since trading at roughly $85 at the beginning of February, Zoom has climbed more than 94%. At the time of writing, Zoom traded around $160 per share.
  • Netflix


    The coronavirus pandemic has taken Netflix Inc (NASDAQ: NFLX) usage to a whole new level. The platform that previously provided people with a bit of entertainment during nights and weekends has become a daily staple for couples and families. The release of novel documentaries and series, such as "Becoming Michelle" and Too "Hot to Handle," has bolstered the user experience.

    As a result, the company’s stock has shot up in recent months. Since trading at around $380 in early February, the stock’s value has jumped over 10% to roughly $420. While some states are beginning to loosen quarantine restrictions and others are maintaining strict guidelines, it will be interesting to see how Netflix’s viewership fluctuates over the next few months.
  • GrubHub


    One of the major movements during the coronavirus quarantine has been a push to keep restaurants and small food businesses alive. As a result, people have been increasingly using food delivery services, such as GrubHub (NYSE: GRUB), to safely enjoy their favorite local foods. The company’s demand delivery increased by roughly 30% in March. As such, GrubHub’s stock value has generated increased demand from traders and investors.

    Since trading at around $35 in early March, the stock’s value has increased by 65% to around $58. With concerns about how people will behave going forward as it relates to public restaurants going, it's quite possible food delivery platforms like GrubHub will continue to popularize throughout the world.
  • Amazon


    Because of, Inc. (NASDAQ: AMZN) reputation as one of the most prolific tech stocks to ever exist, it's hard to measure the company’s specific reasons for growth at any given time. That being said, there's no doubt that the coronavirus pandemic has extremely catalyzed the stock’s growth over the past few months. Proportionally, people are ordering online more than ever before.

    Although this has weighed a bit on the company’s costs and delivering capacity, its profits have nonetheless benefited from the rush to order online. As a result, Amazon’s stock has spiked nearly 25% since late February, crossing the $2,000 clip and now trading at nearly $2,500.
  • Slack Technologies

    One of the top consequences of the nationwide work from home orders has been an increased emphasis on the importance of employee communication. Thus, communication software like Slack Technologies Inc (NYSE: WORK) have seen boosts in demand and usage in the effort to maintain strong levels of inter-organizational collaboration. Managers are purchasing the platform’s premium features more than ever in the effort to ensure success in the office space.

    Due to the increased interest in Slack, the stock has shot up over 22% since the end of February, sitting at roughly $32. Changes in the work from home climate going forward may have an impact, for better or for worse, on the company’s growth.
  • Chegg


    Chegg Inc (NYSE: CHGG) has done incredibly well amid the pandemic. Since students around the country and world were sent home to begin online learning, the company’s online learning tools have experienced tremendous usage. The company sells digital textbooks and homework assistance programs, which certainly have come in handy for students looking to adapt to a whole new way of learning. Analysts have bolstered the stock’s prospects after a strong first quarter of earnings, as well.

    As a result, Chegg’s stock has exploded over the past few months, spiking 71% to $63 in the past three months since sitting at $38 in late February. With questions abound with regards to online classes this fall, Chegg could remain a huge player in the current market.
  • Twilio


    Twilio Inc (NYSE: TWLO) has been one of the most prolific stocks during the pandemic. The company’s business was boosted as a result of the stay at home orders, as its core business is underlined by the communications business.

    This effect was concretized by its first-quarter earnings report, which revealed incredible beats in earnings per share and revenue as compared to industry estimates. Since then, sentiment among traders and investors had been nearly universally positive on the stock. Since the end of February, the stock’s value has increased by 80%, climbing from $110 to nearly $200.
  • Peloton


    With gyms closing around the world, people have been looking for ways to stay in shape while staying safe at home. As a result, Peloton Interactive Inc's (NASDAQ: PTON) state of the art fitness equipment has met increased demand.

    The company strongly beat on revenue estimates in its most recent earnings report in early May, evidence of the aforementioned bump in demand for its exercising products. Peloton stock is hovering around $43, representing a roughly 54% increase from the $27 level it sat at in late February.
  • Everbridge


    Everbridge Inc (NASDAQ: EVBG) focuses on monitoring crises and establishing data-driven solutions for crisis managers, such as government officials or medical researchers. It helps pinpoint threats and decipher situations necessary to tackling critical problems. As such, it makes sense that the company’s stock has done extremely well during the current global pandemic.

    Strong investor confidence in the company’s ability to drive business through the provision of critical solutions for the crisis has driven up the stock’s price significantly. Over the past three months, Everbridge’s share price has jumped over 30%, from $108 at the end of February to the $138 level it’s now experiencing now.

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