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Everyone Is Leaving Home. These Stay-at-Home Stocks Could Still Be Buys.

·6 min read
Everyone Is Leaving Home. These Stay-at-Home Stocks Could Still Be Buys.
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With President Joe Biden seeking vaccinations for 70% of American adults by July 4, and the Centers for Disease Control and Prevention declaring this past week that the fully vaccinated can stop wearing masks even indoors in most situations, investors are accelerating their exit from stocks that boomed last year as the pandemic gripped the economy. The online marketplace for handcrafted goods (ETSY) (ticker: ETSY) rallied 450% from the end of 2019 as stores had to shut and consumers snapped up face masks. With gyms closed, the stationary-bike company (PTON) (PTON) jumped nearly 500%.