3 Work-From-Home Stocks Wall Street Loves

black android smartphone turned on screen

Image Source: Unsplash

Work-from-home-related stocks have been leading the market for some time. The COVID-19 pandemic fueled the acceleration of a digital transformation because businesses were compelled to incorporate cloud-based technologies in their operations to stay in business.

Tech industry stocks continue to be a prominent area of interest by investors because these securities have outperformed the broader market. This is evident in the Technology Select Sector SPDR ETF (XLK)'s 58.5% return over the past year. The S&P 500 Index, in contrast, has gained 43.7% over the same period.

Wall Street expects the tech sector to thrive even after the pandemic irrespective of minor, intermittent setbacks. With rising productivity among employees participating in remote working structures and shrinking overhead costs for employers, several Fortune 500 companies are adopting hybrid working models, and smaller companies are expected to follow suit.

Because the hybrid work environment will likely continue driving the burgeoning demand for digital solutions, we think work-from-home stocks Twilio Inc. (TWLO), Elastic N.V. (ESTC), and Upland Software, Inc. (UPLD) will remain among the most favored stocks by Wall Street.

Twilio Inc. (TWLO)

TWLO is an international cloud-communications Platform-as-a-Service (PaaS) company. Its platform consists of Programmable Communications Cloud, Super Network, and Business Model for Innovators, which enable developers to build, scale, and operate communications within software applications.

This month, TWLO entered a partnership with Syniverse to accelerate innovation in mobile communications networks and drive long-term growth. TWLO also plans to make a minority investment of $750 million cash in Syniverse and become a significant minority owner of the company. This partnership should help TWLO to build a best-in-class customer engagement platform.

Last November, TWLO acquired Segment, a market-leading customer data platform, for $3.20 billion's worth class A stock. This transaction should help TWLO make its customer experience seamless by providing a personalized, timely, and impactful engagement service across multiple divisions.

1 2 3 4
View single page >> |

Disclaimer: Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.