Is Wayfair Stock a Buy?
The coronavirus crisis has seen a lot of surprise winners, but few have been as big as Wayfair (NYSE: W), the online home goods seller. The stock is up over 900% since March lows.
Such returns are unheard of in normal times, but the pandemic has created some unique opportunities. Wayfair initially fell sharply in March as the company's unprofitable business model came into question. But shares quickly reversed as sales surged with consumers forced to adapt to new requirements for working at home and having their children out of school.
Like other e-commerce stocks, Wayfair now seems like it will continue to be a beneficiary from the pandemic as traffic at physical stores hasn't fully recovered and is unlikely to as long as fears of the virus persist.
Source Fool.com
