One of the Biggest Catalysts for Teleconferencing Stocks

Thanks to the coronavirus, many are questioning the future of working in offices.

Warren Buffett for example just said, “The supply and demand for office space may change significantly,” Mr. Buffett said. “A lot of people have learned that they can work at home, or that there’s other methods of conducting their business than they might have thought from what they were doing a couple of years ago. When change happens in the world, you adjust to it,” as quoted by The Wall Street Journal.

Better, working at home has been found to have a positive effect on productivity.  

In fact, according to a YouGov survey, some of the reasons included “time saved from commuting (71%), fewer distractions from coworkers (61%) and fewer meetings (39%),” as highlighted by USA Today.

“As folks do start to go back to work offices and resume their commutes, I think individuals are going to be thinking through what parts of this COVID phase of life are they going to want to keep,” said Maria Flynn, CEO of Jobs for the Future. “Is it going to make folks reconsider how much time they want to spend commuting or having more flexibility to work from home?  It’s going to be changing the mindset for the works as well as the employers.”

In short, the pandemic may have just changed the workplace as we know it.

If that’s the case, some of the top “work at home” stocks to consider include:

·      Zoom Video Communications (ZM)

·      Slack Technologies (WORK)

·      RingCentral Inc. (RNG)

·      LogMeIn Inc. (LOGM)