Better Omicron Stock: Zoom Video Communications vs. Roku
Omicron, the new COVID-19 variant that was discovered last month, has been weighing down the market as investors evaluate its potential impact. Those fears, along with rising inflation and higher interest rates on the horizon, have created a tough market for growth stocks.
However, two beaten-down growth stocks have quietly stabilized in December: Zoom Video Communications (NASDAQ: ZM) and Roku (NASDAQ: ROKU). Both stocks generated big gains last year, but they stumbled this year as the pandemic-related tailwinds for the video conferencing and streaming video markets ebbed.
But investors are now warming back up to Zoom and Roku as hedges against market pressures caused by the omicron variant. Zoom's stock is flat since the beginning of December, while Roku's stock has advanced 10%. Could the new threat make either of these stocks worth buying again?
Source Fool.com
