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Work-from-Home Stocks losing market share

News of Moderna´s vaccine breakthrough help larger companies.

•• 1 Min
Work-from-Home Stocks losing market share

Moderna's vaccine candidate Covid-19 has shown 94.5% effectiveness, and the company expects to apply to the FDA for emergency approval shortly. That's the work of home players like Zoom (Nasdaq: ZM). Peloton (NASDAQ: PTON), Costco (NASDAQ: COST), Home Depot (NYSE: HD), Nvidia (NASDAQ: NVDA) and Amazon (NASDAQ: AMZN) lower.

On the flip side, we've got AMC Entertainment (NYSE: AMC) up 20%, Norwegian Cruise (NYSE: NCLH) up 10%, JPMorgan (NYSE: JPM) up 3.5%, Exxon (NYSE: XOM) up 3, 5% and Boeing (NYSE: BA) 4.5%. S&P 500 and DJIA futures are up more than 1% while the Nasdaq 100 is down 0.25%. The iShares S&P 500 Value ETF (NYSEARCA: IVE) is up 2.5%.

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