‘Bubble’ stocks like Beyond Meat and Peloton were supposed to blow up, but the opposite happened


Peloton machine

Source: Peloton

Many on Wall Street were convinced the usual playbook would occur when this market and economic downturn hit.  Bubble-like tech stocks that led the way up would get crushed as a bear market exposed their hype and sent stock speculators scrambling.

But the opposite has happened. 

The names skeptics used to point their fingers at are actually among the biggest winners this year, and their strength pushed the tech-heavy Nasdaq Composite into positive territory on Thursday.

High-fliers Amazon and Netflix were the among the first stocks to fully make back the losses from the coronavirus sell-off

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