Zoom Video Communications (ZM)

Jul 20, 2021Trade Ideas

With the pandemic wreaking havoc across the U.S., there are fears we could see another round of lockdowns. According to Barron’s, “Another surge of infections raises the specter of a fresh wave of lockdowns and restrictions that would hamper the economic recovery under way.”

“The global economy is barely surviving on life support, and another wave of infections may spur lockdowns that could signal the death knell for the tenuous recovery,” said Peter Essele, head of investment management for Commonwealth Financial Network, as quoted by Barron’s. “Fear of stagflation will be a major concern for investors if a resurgence in infections causes economies to slow while consumer prices continue an upward trajectory.”

With the situation getting worse – again, one of the top ways to trade the news is with Zoom Video Communications (ZM), which recently pulled back from a high of about $406.50 to a recent low of $354.20. Weakness may be a great opportunity here.

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