dorfmanmaster

Zillow bull-case idea!

Long
NASDAQ:ZG   Zillow Group, Inc
Since its all-time-high on 2/2/2020 at $66; which was reached due to a 12% jump from earnings ... ZG has fallen 50%

As we have seen in the past few volatile weeks, some stocks have outperformed due to the idea they will benefit from the COVID.
For example:

  • People buying masks, hand sanitizer ( CLX )
  • People are staying home to work (ZM)
  • People are staying home streaming ( NFLX )
  • People are stocking up on durables, non-perishables (COST, WMT , PG , CPB )
  • Pharmaceuticals are producing cures/vaccines/diagnostic tests ( CODX , GILD)

With interest rates as low as they have ever been; housing is becoming very cheap, allowing people to buy more, and more expensive houses.

With the latest trend of staying home, plus people wanting to buy homes. I believe Zillow ( ZG ) could be a gainer.


--> Set tight limits, as negative momentum has been killing the bulls.

Rest up this weekend, happy trading!
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