Zoom Video and Peloton take off as new COVID variant revives stay-at-home trade

Seeking Alpha2021-11-26

Pandemic players are seeing a big resurgence this morning as fears grow over a new COVID-19 variant found in South Africa.

In premarket trade: Zoom Video (NASDAQ:ZM) +9.7%; Peloton (NASDAQ:PTON) +8%; Alpha Pro Tech (NYSE:APT) +11%; Teladoc Health (NYSE:TDOC) +5.6%; Doordash (NYSE:DASH) +4.2%; Roku (NASDAQ:ROKU) +3%.

The World Health Organization has scheduled a special meeting for today to discuss whether the declare the new B.1.1.529 strain a "variant of concern." It carries an unusually large number of mutations associated with increased antibody resistance and is "clearly very different" from previous incarnations.

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