Zillow bull-case idea!
Since its all-time-high on 2/2/2020 at $66; which was reached due to a 12% jump from earnings... ZG has fallen 50%
As we have seen in the past few volatile weeks, some stocks have outperformed due to the idea they will benefit from the COVID.
For example:
With interest rates as low as they have ever been; housing is becoming very cheap, allowing people to buy more, and more expensive houses.
With the latest trend of staying home, plus people wanting to buy homes. I believe Zillow (ZG) could be a gainer.
--> Set tight limits, as negative momentum has been killing the bulls.
Rest up this weekend, happy trading!
As we have seen in the past few volatile weeks, some stocks have outperformed due to the idea they will benefit from the COVID.
For example:
- People buying masks, hand sanitizer (CLX)
- People are staying home to work (ZM)
- People are staying home streaming (NFLX)
- People are stocking up on durables, non-perishables (COST, WMT, PG, CPB)
- Pharmaceuticals are producing cures/vaccines/diagnostic tests (CODX, GILD)
With interest rates as low as they have ever been; housing is becoming very cheap, allowing people to buy more, and more expensive houses.
With the latest trend of staying home, plus people wanting to buy homes. I believe Zillow (ZG) could be a gainer.
--> Set tight limits, as negative momentum has been killing the bulls.
Rest up this weekend, happy trading!
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