TheStreet Pro portfolio manager Chris Versace reveals the stock you'll want on your radar as many companies end remote work.
Category
🥇
SportsTranscript
00:00Amazon CEO, Angie Jassy, really put a shot across a lot of boughs, if you will, when he said that
00:07starting in January, Amazon's going to be going back to the office five days a week. Now, if you
00:12do a little homework, you would understand that roughly 33% or so of most companies have people
00:18in the office four or five days a week. But to the extent that we see more companies bring people
00:25back for more days during the week, it could be four, it could be five. Odds are we're going to
00:31have to see a little bit of a carrot, not a stick, to get people to re-embrace that. That could be
00:39a variety of different benefits, but we do know that if people are going into the office more,
00:45childcare is going to become an issue for a lot of folks. That's why we took a look at Bright
00:52Horizons, ticker symbol BFAM, and we added it to the portfolio's bullpen. But just because a stock
01:00is entering into the bullpen does not guarantee it will make it into the portfolio. So I would just
01:07remind that with folks, a note of caution, let's not get ahead of ourselves. But again, if we see
01:14that structural shift reverse from work from anywhere back to return to office,
01:22we'll be doing a lot more homework on Bright Horizons.