Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money

76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FREE EBOOK

How to Day Trade Stocks & Indices

  • Place your first trade
  • Identify 9 chart patterns
  • Pro strategies step-by-step

You'll also receive our newsletter and other Opto emails in accordance with our privacy policy. This form is protected by reCaptcha

Don't miss out

Get our FREE Day Trading guide

+ Pro-trader interviews

You'll also receive our newsletter and other Opto emails in accordance with our privacy policy. This form is protected by reCaptcha

FREE Trading guide

Including Day trading strategy examples

+ Pro-trader interviews

You'll also receive our newsletter and other Opto emails in accordance with our privacy policy. This form is protected by reCaptcha

Industry Spotlight

Confident In The Future Of Remote Working? Here Are 3 Stocks To Watch

Confident In The Future Of Remote Working? Here Are 3 Stocks To Watch

Atlassian Corporation (NASDAQ: TEAM), DocuSign (NASDAQ: DOCU), and Chegg (NYSE: CHGG) are three companies I think will benefit from the mass migration to remote working, even after the pandemic passes. Companies like Microsoft, Google, Netflix, Salesforce, and Shopify have announced that working remotely is here to stay with more likely to follow — good news for these 3 companies.

This article was originally published on MyWallSt — Investing Is for Everyone. We Show You How to Succeed.

 

Atlassian 

You might have used Confluence, Jira, Bitbucket, or Trello; some of Atlassian’s most popular products. If not, you probably use a website that uses Atlassian’s products. Slack, Twitter, Bloomberg, and Zoom are examples of companies that use Atlassian’s products to make their platform more user friendly. 

The Software-as-a-Service (SaaS) company is busy setting up a moat to assure long-term dominance, and it’s working. Companies are quickly coming to a reliance on Atlassian’s products which give customers a wide range of services such as team planning, project tracking, and code and document creation and sharing. This, coupled with high switching costs after the users have gained reliance, makes users loyal to Atlassian’s products. High costs of re-training employees on now collaborative software as well as the high cost (in both time and capital) of migrating all data to new software go in line with Atlassian’s plan to assert long-term market dominance. 

 

DocuSign

Handwritten signatures became standard practice in the 17th century. It’s about time we’re starting to see some innovation here — and it’s DocuSign who is leading this innovation. DocuSign is taking advantage of recent technological advancements and applying this to the increasingly important way we sign documents. COVID-19 has shown us that most business can now be done from any distance. DocuSign facilitates much of this business, and as the world realizes that those costly flights across the world were not absolutely necessary, they will turn to the likes of DocuSign to handle encrypted signatures. This year, DocuSign added 88,000 customers, bringing its total paying customers to 749,000 with revenue of $342 million, up 45% year-over-year (YoY). With its stock trading at 20% lower than its September 2020 high, it’s a great time to buy if you see the encrypted signatures industry being even bigger in 10 years. 

 

Chegg 

Chegg has been paving the way for education technology and online learning since 2005. Similar to DocuSign, the pandemic has shown us that online learning can work well thanks to today’s technology all the while benefiting students and providers with lower costs. The company supplies users with textbook rentals, tutors, writing help, and apps such as Mathway. Chegg subscribers have increased 69% YoY and the company is expecting revenues of between $605 million and $615 million, despite Wall Street projecting $551 million. 

Chegg plans on keeping retention high by investing in more content as well as different language supports, investing in its infrastructure, growing its community college base, and targeting the upskilling market — the last 2 of which have faced growing popularity since the pandemic. Education has changed for the better almost overnight, and Chegg is set on delivering this new-era of education to everyone in an affordable and scalable manner, whilst on-demand.

 

MyWallSt makes it easy for you to pick winning stocks. Start your free trial with us today— it's the best investment you'll ever make.

 

Disclaimer Past performance is not a reliable indicator of future results.

CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

CMC Markets does not endorse or offer opinion on the trading strategies used by the author. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.

*Tax treatment depends on individual circumstances and can change or may differ in a jurisdiction other than the UK.

Continue reading for FREE

  • Includes free newsletter updates, unsubscribe anytime. Privacy policy

Written by

Free ebook

Tricks of the trade: 7 interviews with the world’s top traders

Get it now

Related articles

7 Interviews with the world's best traders

Learn about the techniques and strategies used by expert traders

Get it now