This story was originally published here.
Few companies have seen their business take off during the pandemic like Zoom Video (NASDAQ:ZM); over the past year, the work-from-home trend has pushed video conferencing through the roof. At the height of its gains, Zoom stock was up over 750%. Now, though, the company has seen its shares hit badly by the arrival of a novel coronavirus vaccine. At this point, ZM has lost about a third of its value since peaking in October. But Zoom’s current dip offers a buying opportunity.
This stock is rated an “A” in my Portfolio Grader for a reason. Yes, ZM is in a slump and taking it on the chin today. However, I’m looking at the longer term.
Why am I bullish on this company? Everything I see points to Zoom continuing to be a strong position, even with a vaccine in play… Story continues here.
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