Interesting pre-market action today. A few minutes before the market opens:
AYX: +5.69%
CRWD: +3.77%
DDOG: +4.93%
ESTC: +5.49%
FSLY: +4.88%
MDB: +4.18%
NET: +3.20%
OKTA: +4.53%
ROKU: +3.25%
SQ: +7.75%
TTD: +5.99%
TWLO: +0.00%
TDOC: -3.27%
WORK: -1.94%
ZM: -11.85%
Dow: +3.96%
S&P 500: +3.94%
Nasdaq: +0.44%
I suspect this is on news that COVID-19 cases seem to be getting better in Italy, and social distancing in the US seems to be working. The COVID-19 stocks (TDOC, WORK, ZM) are all down, especially ZM.
Personally, I still think that there’s a lot of bad news ahead – this disease will end up being endemic.
I will be adding HEAVILY to ZM (already my largest position), and a little bit to TDOC.