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3 ‘Work from Home’ Stocks to Buy as the Omicron Variant Reaches the U.S. -Breaking

by Mike Robinson

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© Reuters. Three ‘Work From Home’ Stocks You Should Buy As the Omicron Variant Reaches the U.S.

Numerous states have confirmed the COVID-19 variant of the omicron, and many organizations expect to resume remote working models. We believe it would be prudent to invest in fundamentally sound stocks that work remotely such as VMware (NYSE:), Workday, and Broadcom (NASDAQ). Continue reading. The COVID-19 epidemic has significantly improved the performance of work-from home, which had been booming long before 2020. Many employees returned to work this year, following solid progress in the COVID-19 vaccine front. However, the introduction of the highly contagious variant, Omicron, has caused many companies such as Alphabet Inc. (NASDAQ) to postpone their plans for their return-to office. Also, Okta (NASDAQ:) CEO Todd McKinnon recently asserted that “hybrid work will become more of the norm.” This is expected to drive the work-from-home industry’s growth.

A Small Business TRENDS study estimates that 36.2 million Americans will work remotely by 2025. Additionally, it is expected that 85% of Americans will inquire about hybrid/remote options prior to applying for jobs.

This backdrop suggests that we believe work-from-home stocks Broadcom Inc., Workday, Inc., (WDAY) and VMware, Inc., (VMW), could be great picks. These stocks are held by the Direxion Work From Home ETF WFH, which has yielded 110.8% so far in 2018.

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