One of the most talked-about market trends of the pandemic was the astonishing rise of the share price of so-called "pandemic darlings" i.e. the companies that were best positioned to thrive in a world of working from home, ordering in, and pandemic-driven hobbies. There are plenty of examples that even the most casual investor can recall.
There were notable surges in many sectors, such as the share price growth of the e-conferencing platform Zoom in 2020, which became all the rage when companies across the world had to switch to remote meetings almost overnight. Then there are the record gains experienced by streaming giants such as Netflix, which saw its share price briefly hit $690 a share at the height of the pandemic streaming boom.
However, it seems that, for many of those pandemic darlings, the party is over. Around the world, people, businesses, and society are returning to normal, and those once-popular stocks are no longer in vogue. Let's take a closer look at the pandemic darlings that investors are no longer so hot on.