There are a lot of arguments about coronavirus stocks and whether they are top stocks, best stocks for 2020, stocks to buy 2020, stocks to invest in 2020. But the coronavirus stocks are trending stocks. Two coronavirus stocks are Amazon stock and Zoom stock.
Amazon stock on June 5, 2020
Amazon.com, Inc. (AMZN) stock closed at 2,483.00+22.40 (+0.91%). AMZN stock has a 52-week range of 1,626.03 – 2,525.45. The PE Ratio (TTM) is 110.02.
Zoom stock on June 5, 2020
Zoom Video Communications, Inc. (ZM) stock closed at 207.60,-2.75 (-1.31%). Zoom stock has a 52-Week Range 0f 60.97 – 224.46. The PE Ratio (TTM) is 5,931.43.
Stock market source: Yahoo Finance, Stockscharts
Coronavirus stocks that are trending may be disconnected from their intrinsic value
Both Amazon stock and Zoom stock are coronavirus stocks, which have made a rally during this coronavirus crisis. But both have a P/E ratio much higher than the average P/E ratio of the broader stock market. Their stock prices seem very elevated compared to their intrinsic values, and caution is suggested before investing in stocks like these.