Core Insights - A few stocks, particularly Shopify and Zoom Video Communications, saw significant gains during the pandemic due to the rise of stay-at-home trends [1] - The excitement around these stocks has diminished, prompting a closer examination of their current performance [1] Shopify - Shopify's platform gained traction as consumers shifted to online shopping, leading to continued popularity and growth [2] - The company reported a 31% year-over-year sales growth in its latest period, achieving double-digit percentage sales growth for ten consecutive periods [2] Zoom Video Communications - Zoom's cloud-native platform, which integrates various communication functionalities, became essential during the pandemic, resulting in a surge in popularity [5] - In its latest earnings release, Zoom reported nearly 5% sales growth year-over-year and an adjusted EPS of $1.53, reflecting a 10% increase [8] Overall Market Performance - While many pandemic stocks have seen declines, Shopify remains a leader in performance and fundamentals, benefiting from the sustained trend of online shopping [6][9]

Group 1: Performance Overview - A handful of stocks, including Shopify, Zoom Video Communications, and Peloton Interactive, significantly benefited during the pandemic, with substantial gains for investors targeting stay-at-home stocks [1][2] - Shopify has consistently outperformed the S&P 500 over the last year, showcasing its strong position in the market [2] Group 2: Shopify (SHOP) - Shopify's platform gained traction as consumers shifted to online shopping, making it a strong bet among pandemic stocks [3] - The company reported a 27% year-over-year sales growth in its latest earnings, achieving double-digit percentage sales growth for ten consecutive periods [4][7] - Shopify's CFO highlighted a 15% free cash flow margin and eight consecutive quarters of pro forma revenue growth of 25% or more, indicating robust financial health [7] Group 3: Zoom Video Communications (ZM) - Zoom's sales grew modestly by 3% year-over-year, with adjusted EPS of $1.43, reflecting a 6% increase [11] - The company's operating cash flow decreased to $489 million from $588 million year-over-year, and free cash flow fell to $463 million from $569.7 million [11] - There is a need for meaningful sales growth for Zoom to regain investor interest, as it has struggled to achieve this [14] Group 4: Peloton Interactive (PTON) - Peloton's shares have declined over 90% since their all-time highs in January 2021, primarily due to weak quarterly results [15] - The company reported sales of $624 million, a 13% year-over-year decline, with subscription revenue down 4% and Connected Fitness Products revenue decreasing by 27% [16] - Consumer interest in Peloton's products has waned post-pandemic, leading to significant sales and subscription losses [18] Group 5: Conclusion - Among the three companies, Shopify remains the leader in performance and fundamentals, benefiting from the ongoing trend of online shopping [19] - Zoom's stock has stagnated, requiring a strong quarterly release to stimulate growth [20] - Peloton faces a challenging situation with declining sales and consumer interest [20]