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:
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!
