First-quarter results for stay-at-home stocks kicked off with an alarm bell when Netflix Inc plunged 35% after saying it had lost customers for the first time in a decade. And last week, shares in telemedicine company Teladoc Health Inc. had their worst day ever, tanking 40% after the company slashed its forecast amid a slowdown in sales.
The brutal selloff in Covid-19 lockdown winners may not be over yet.
After losing more than US$218 billion in combined market value since their pandemic-driven boom, shares of Peloton Interactive Inc, Zoom Video Communications and DocuSign Inc are at risk of even more losses, if this earnings season is any guide.
