Return of the Lockdown Laggards? Investors eye 'Covid casualty' stocks to prepare for 'revenge spending'

Cinema and travel stocks expected to shoot up post-lockdown

As the meteoric rise of 'stay-at-home' stocks in 2020 is unlikely to continue this year, asset managers say demand will hold up for these companies in the long run, but investors should look elsewhere in the near term.

The Covid-19 crisis hammered physical retailers, forced millions to work from home and stoked demand for streaming services. When it first became apparent the virus would lead to economic destruction across the developed world, as in Asia, the FTSE 100 plunged from 7,403.92 on 21 February 2020 to a low of 4,993.89 on 23 March 2020. As the pandemic raged on and kept most people from leaving their homes, investors piled into stocks such as Zoom, Amazon, AO World, and Ocado, punishing stocks in businesses they could no longer enjoy - such airlines and cruise lines. GAM's Lyons: 'Game ...