Zoom Falters, Peloton Plummets, the Start of the Theranos Trial and the Roger Federer IPO

Is The Stay-At-Home Trade Finished?

The Headline: Two of 2020’s highest profile stocks, Zoom Video and Peloton, both reported earnings this week which indicated huge slowdowns in user growth. Both shares plummeted on the news.

The BFD: Despite reports of increasing COVID hospitalizations around the world due to the delta variant, people just aren’t staying at home as much as they were last year. 2020 presented a unique opportunity…

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