3 Work From Home Stocks for the Second Half of 2020

: ZM | Zoom Video Communications, Inc. - News, Ratings, and Charts

ZM – The world is shifting as professionals increasingly working from home. The demand for services from companies such as Zoom (ZM), Akamai (AKAM) and Dropbox (DBX) is expected to rise over the second half of 2020.

Due to the spread of the coronavirus, many companies are asking the majority of their employees to work remotely. It is the only viable option for some corporations to survive. The work from home trend is here to stay, even after the virus subsides.

Companies have found that employees are more productive and efficient when working from home. Additionally, overhead costs have gone down for companies whose employees have shifted to remote working.  

There are several companies vying for the top spot in the work-from-home industry and their potential is reflected in their stock prices. Here are three work from home stocks that stand out and are expected to grow through the remainder of 2020. 

Zoom (ZM)

Since the start of the pandemic, Zoom has become a household name. ZM is the go-to video conferencing software. It allows file sharing, video calls, and chat across several devices.The number of paying customers has tripled this year. Although the company experienced some growing pains in the form of security issues, the demand for its services should rise as remote working becomes more prevalent.

ZM, which went public just last year, has returned 280.85% so far for the year. The company has a Strong Buy rating in the StockNews.com, POWR Ratings. It also has a Trade Grade of A. Trade Grade represents the short-term bullish or bearishness of a stock.

Akamai (AKAM)

Akamai is a cloud services company that focuses on delivering online content and business applications for domestic and international users. Services also include mobile and security solutions. Due to the rise in telecommuting, the long-term demand for its cybersecurity solutions and content-delivery networks (CDN) is expected to rise.

AKAM has a Strong Buy rating in the POWR Ratings. It is ranked #2 out of 49 stocks in the Technology – Services industry. The stock also has a Buy and Hold Grade of A. This Grade measures the long-term bullish or bearishness of a stock.

This stock has delivered 23.10% YTD.This momentum may continue well into the rest of the year.

Dropbox (DBX)

Dropbox is an online collaboration and file-hosting platform. It allows organizations, companies and individuals to create, access and share files online. DBX also provides cloud storage solutions. As more people work from home, the demand DBX has skyrocketed. Teams working from home need a quick and reliable way to share their files. DBX is well positioned to fulfil that need.

DBX has a Buy rating in the POWR Ratings. It also has Trade and Buy and Hold Grades of B. This stock has a YTD price return of 21.61%.

Want More Great Investing Ideas?

9 “BUY THE DIP” Growth Stocks for 2020

Is the Bull S#*t Rally FINALLY Over?

7 “Safe-Haven” Dividend Stocks for Turbulent Times

Top 3 Investing Strategies for 2020


ZM shares . Year-to-date, ZM has gained 284.69%, versus a -1.99% rise in the benchmark S&P 500 index during the same period.


About the Author: StockNews Staff


The StockNews Staff is led by a team of investment experts including CEO, Steve Reitmeister and trading legend Adam Mesh. The goal of our commentary is to provide you with valuable insights to make more successful investment decisions. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
ZMGet RatingGet RatingGet Rating
AKAMGet RatingGet RatingGet Rating
DBXGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


Updated 2024 Stock Market Outlook

The bull market continues to rage on with the S&P 500 (SPY) making new highs. That is the past...the question is what does the future hold? That is why 44 year investment veteran Steve Reitmeister provides this updated 2024 Stock Market Outlook to help you carve a path to outperformance the rest of the year. Read on below for the full story...

3 Energy Stocks Set to Soar Beyond Expectations

Given the geopolitical tensions, increasing global oil demand, and supply adjustments, the energy sector is poised for robust growth. Therefore, investors might consider investing in energy stocks TechnipFMC (FTI), Weatherford International (WFRD), and ChampionX (CHX), which are poised to exceed expectations. Keep reading…

Has Carnival (CCL) Stock Turned Into a Buy After Earnings Release?

Carnival Corporation (CCL) reported record revenue in its most recent quarter but still faces a negative bottom line. The collapse of Francis Scott Key Bridge brings more uncertainty to its financials. Given these events, what stance should one take with CCL stock? Read more to find out…

3 China Stocks Positioned for Long-Term Growth

Despite facing challenges, the Chinese economy has demonstrated resilience, as evidenced by recent robust industrial output and retail sales data. Given this outlook, it might be an opportune time to own three top-notch China stocks, JD.com, Inc. (JD), China Automotive Systems (CAAS), and Youdao, Inc. (DAO). Read on…

Investor Alert: “Buy the Rumor, Sell the News!”

Everyone knows that the Fed is going to cut rates at some point this year. That is the worst kept secret on the planet helping to explain how we keep making new highs for the for the S&P 500 (SPY). Unfortunately that creates an interesting predicament for stocks after rates are cut. Plus another hurdle in the 2024 Presidential election. Steve Reitmeister is here to share his insights on the market outlook along with a preview of his top 12 stocks to outperform. Read on for more...

Read More Stories

More Zoom Video Communications, Inc. - (ZM) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All ZM News