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As of November 28, 2021, the Omicron variant had spread worldwide, with thirteen infection cases reported in the Netherlands and two each in Denmark and Australia. U.K. Health Minister Sajid Javid said that the variant “may be more transmissible” than the Delta strain and that “the vaccines that we currently have may be less effective.” Against this backdrop, the work from home trend could be sustained in the near term. According to a Small Business Trends report, 32% of all employees worldwide will be remote workers by the end of 2021, up from 17% of employees in 2019.
So, with countries once again imposing social distancing norms and travel restrictions to keep the new variant at bay, it could be wise to add work-from-home stocks DoorDash, Inc. (DASH), Roku, Inc. (ROKU), and Teladoc Health, Inc. (TDOC) to one’s portfolio now. Wall Street analysts expect these stocks to soar in price in the near term.
