[Abhi5868]

But there were also some notable market losers Monday: companies that have benefited from the work-from-home and stay at home trends.

Video conferencing giant Zoom (ZM) plunged nearly 15%. So did shares of interactive exercise equipment company Peloton (PTON).

Amazon (AMZN), Netflix (NFLX) and Roku (ROKU) were lower too -- a potential bet that consumers may spend less time indoors shopping online and binging on TV shows and movies.

Shares of work collaboration software company Slack (WORK) fell about 2%. And shares of virtual health company Teladoc (TDOC)sank nearly 8%.

And Clorox (CLX), the maker of bleach and disinfectant wipes that has thrived during the pandemic, fell 8%.

Zoom founder Eric Yuan's networth dropped by US$5 billion, as Pfizer announced there vaccine to be 90% successful. Surprisingly Indian government had held a meeting with Pfizer during the Phase-1 initial trials, but there have been no significant development in the direction of procuring the vaccine. The effect of an apparantly successful vaccine news could be seen on the Indian stock market as SENSEX crossed 43,000 mark on Tuesday.

Link to the Business Insider-https://www.businessinsider.in/stock...w/79132092.cms

[DCEite]

And on the other hand:

https://telecom.economictimes.indiat...csson/79141274

[HKap]

Zoom is an extremely over valued stock and there's no way that results will ever catch up with these valuations. They're still lagging Cisco and Microsoft in the enterprise market (that's where the $$ are). Their product WAS a touch better but now the traditional players have caught up. They're doing about $1.5 billion per year as per the current projections. How on earth can anyone justify a market cap at over $130 billion? IT stocks I think were fuelled by excess liquidity in the market. Banks are making a ton of money via the market. Also, millions of new retail investors/traders entered the market after covid hit. This money isn't going out anytime soon, so the traditional method of valuations will need to be adjusted but its not going to be night and day.

We're now seeing money move from IT stocks to other verticals like travel. It's basically water finding its level.

[Gurgaon_lyon]

Originally Posted by HKap

Zoom is an extremely over valued stock and there's no way that results will ever catch up with these valuations. They're still lagging Cisco and Microsoft in the enterprise market (that's where the $$ are). Their product WAS a touch better but now the traditional players have caught up. They're doing about $1.5 billion per year as per the current projections. How on earth can anyone justify a market cap at over $130 billion? IT stocks I think were fuelled by excess liquidity in the market. Banks are making a ton of money via the market. Also, millions of new retail investors/traders entered the market after covid hit. This money isn't going out anytime soon, so the traditional method of valuations will need to be adjusted but its not going to be night and day.

We're now seeing money move from IT stocks to other verticals like travel. It's basically water finding its level.

These are such market times, where retail investor would buy anything with little hype .. still I think valuation of Tesla would take the trophy in terms of valuation without any reason