Zoom Stock – Will Stay-at-Home Stocks Rebound As Delta Variant Gains Steam?
The CDC shared new guidelines on July 27 urging people living in hot spot regions to resume wearing masks indoors—even if they’re vaccinated. This is a big step backward for the U.S., a country that has been on a fast and strong journey of economic recovery. Also, it could be difficult to get vaccinated people to mask up again. Many Americans hope to avoid facing the reality of the next phase of the COVID-19 pandemic.
While it isn’t good news—especially for the country’s hotspots like Louisiana, Arkansas, and Florida where vaccination rates are particularly low—it could mean a resurgence for stocks in the stay-at-home space. With that in mind, investors might want to add stay-at-home stocks to their watchlist if nothing else.