Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Stocks To Watch As The Stay-At-Home Trend Continues

By Michele SchneiderStock MarketsJul 29, 2021 12:26AM ET
Stocks To Watch As The Stay-At-Home Trend Continues
By Michele Schneider   |  Jul 29, 2021 12:26AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

Google (NASDAQ:GOOGL) recently joined the list of growing companies to postpone their back-to-work plans as the Covid-19 delta variant continues to spread.

Along with Google, Apple (NASDAQ:AAPL) has previously extended working from home for the same reason.

With large companies postponing back to office mandates many other companies are giving their employees the option to continue to work from home.

With that said, we are keeping an eye on companies related to the stay-at-home trend as we watch for the governments continued reaction towards the more contagious delta variant.

When the pandemic first took off, tech companies like Zoom Video (NASDAQ:ZM) and online retailers pushed ahead as people flocked to buy goods online to avoid brick and mortar stores.

This included companies such as, Shopify (NYSE:SHOP), Chewy (NYSE:CHWY), and Amazon (NASDAQ:AMZN).

Now that investors are seeing that the back-to-normal trend could be diluted from a split in the US workforce staying home, we could see the stay-at-home stocks continue higher.

With that said, let’s look at the some with great potential chart setups.

Chewy Inc - Zoom Video Inc Daily Chart
Chewy Inc - Zoom Video Inc Daily Chart

Both CHWY and ZM have pulled back from all-time highs and are now trending upwards.

CHWY has the potential to run back to $100 if it holds over $87 and support from the 200-Day moving average at $83.20.

On the other hand, ZM needs to clear resistance from the 200-DMA at $378.

If it holds over the major moving average for 2 consecutive days, it will confirm an accumulation phase change.

A phase change confirmation can highly increase the odds the symbol will continue its trend in the confirmed direction.

Then we can watch for it to clear its next main resistance area at $450.

Another popular company is Teladoc (NYSE:TDOC).

Teladoc Inc Daily Chart
Teladoc Inc Daily Chart

TDOC provides mobile healthcare services and is another one to watch as it reported earnings on July 27 and is now looking to clear over its 50-DMA at $135.50.

ETF Summary

S&P 500 (SPY) 439.26 needs to clear.

Russell 2000 (IWM) 208.64 main support. 224 resistance area.

Dow (DIA351 resistance area.

NASDAQ (QQQHolding over its 10-DMA at 362.40.

KRE (Regional Banks) Watching for another close over the 10-DMA at 62.12.

SMH (Semiconductors) 251 support area.

IYT (Transportation) 245.48 support. Needs to clear 251.78

IBB (Biotechnology) 159.84 new support.

XRT (Retail) Choppy price action. Watching to hold the 50-DMA at 94.89.

Junk Bonds (JNK) 110.10 highs to clear. 109.43 support.

IYR (Real Estate) Needs to hold over 105.22.

XLP (Consumer Staples) 71.69 resistance zone. 70.10 support.

GLD (Gold Trust) Needs a second close over the 10-DMA at 169.18.

SLV (Silver) Now needs to stay over 23.

XME (S&P Metals and Mining) 43.95 next resistance the 50-DMA.

USO (US Oil Fund) 48.22 support area.

TLT (iShares 20+ Year Treasuries) 149.92 the 50-Week moving average resistance.

USD (Dollar) 92 support area.

DBA (Agriculture) 19.36 resistance.

Stocks To Watch As The Stay-At-Home Trend Continues

Related Articles

Stocks To Watch As The Stay-At-Home Trend Continues

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email