Friday, Nov 13th 2020

"Work from home" keeps working


Earlier this week, we saw a sharp rotation out of quality growth stocks (e.g., software, internet) and into beaten-down "value" stocks (e.g., airlines, cruises).

The cyclical-heavy Dow Jones index outperformed the tech-heavy Nasdaq by ~7% on Monday and Tuesday, the largest two-day performance spread since March 2001. The driver? Positive vaccine data from Pfizer, which brought the prospects of a broader economic recovery ever closer to reality.

Many investors repositioned portfolios to get exposure to stocks best poised to rebound once the world reopens. They sold the massive "work from home" (WFH) winners like Zoom and bought "away from home" laggards like Boeing.

But contrary to what this growth-to-value rotation may suggest, we think many "work from home" stocks will keep working for years to come. One of our Opportunities holdings, Upwork (UPWK), is a case in point.

Upwork operates an online employment marketplace. Looking for a web developer to build you a website for your coffee shop? Head to

On one hand, the stock is clearly a WFH beneficiary -- after the initial COVID shock drove massive layoffs, workers flocked to the site to get hired. On the other hand, we don't think demand for freelancers will decline even when the world reopens. Per one report, 70%+ of hiring managers said they will maintain or increase their work with freelancers due to the pandemic. 

Incredibly, UPWK is already a 2-bagger for Titan clients (up +105% since mid-August) who've invested in Opportunities. WFH keeps working.

Rather than betting on a rebound in lower-quality cyclical stocks (like cruise lines), we prefer to bet on longevity of high-quality secular growth trends. 

What other WFH winners do you think are here to stay?

Back to Research ↗

Learn with titan

Investment articles and resources

Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.

What Are Cyclical Stocks & How Do They Work?

How to Analyze a Stock: A Beginner’s Guide

Can You Use Your 401(k) to Buy a House?

Value vs. Growth Stocks: How Are They Different?

Let's Get Started

Ready to become a client?

Create an account with us in two minutes.

Or scan to get the app

We're building the best investment platform, ever

Titan Global Capital Management USA, Inc ("Titan") is an investment adviser registered with the Securities and Exchange Commission (“SEC”). By using this website, you accept our Terms of Use and Privacy Policy. Titan’s investment advisory services are available only to residents of the United States in jurisdictions where Titan is registered. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance. Account holdings are for illustrative purposes only and are not investment recommendations. The content on this website is for informational purposes only and does not constitute a comprehensive description of Titan’s investment advisory services.

Refer to Titan's Program Brochure for more information. Certain investments are not suitable for all investors. Before investing, consider your investment objectives and Titan’s fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. The introducing Broker Dealer is Titan Global Technologies LLC, a registered broker-dealer and member FINRA/SIPC. Brokerage services are provided to Titan Clients by Apex Clearing, an SEC registered broker-dealer and member FINRA/SIPC. For more information, see our disclosures. Contact: 508 LaGuardia Place NY, NY 10012. Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice. Check the background of these firms on FINRA's BrokerCheck.

© Copyright 2022 Titan Global Capital Management, Inc. All Rights Reserved.