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4 Work from Home Stocks Still Worth Buying for the Remainder of 2021

Published 08/27/2021, 11:38 AM
Updated 08/27/2021, 12:30 PM
© Reuters.  4 Work from Home Stocks Still Worth Buying for the Remainder of 2021

© Reuters. 4 Work from Home Stocks Still Worth Buying for the Remainder of 2021

With the COVID-19 Delta variant creating uncertainties about the timing of people’s return to on-site jobs as vaccine efficacy comes into question, the demand for remote working solutions is here for at least a while longer. Thus, we think popular software companies VMware (NYSE:VMW), Akamai Technologies (NASDAQ:AKAM), Dropbox (NASDAQ:DBX), and Box, Inc. (BOX), which all facilitate remote working, could witness steady growth in the coming quarters. Let’s discuss. The rapid spread of the COVID-19 Delta variant has delayed the office reopening plans of many major companies by nearly a month. Though organizations are now imposing vaccine mandates for employees to reopen offices safely, vaccine efficacy has become a cause for concern. Recently, a couple of CDC studies have shown that the effect of vaccines is decreasing, and that fully vaccinated people are being infected by the new strain of the virus. In addition, a U.K based study reported that the effects of two of the most widely used vaccines start to wane after six months.

In addition, increased employee productivity and lower overhead costs should lead to the worldwide adoption of permanent remote work set-ups in the long run. A new study from Aspen Economic Strategy Group suggests that remote working structures can boost the economy up to $160 billion, provided secure internet access is available.

Because the work-from-home culture is here to stay, established software companies VMware, Inc. (VMW), Akamai Technologies, Inc. (AKAM), Dropbox, Inc. (DBX), and Box, Inc. (BOX), which all facilitate remote working, should grow substantially through the remainder of 2021. So, we think it could be wise to bet on their stocks now.

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