A Year After Covid Crash, Pandemic Losers Are the New Winners

  • Travel firms and store operators rally on reopening optimism
  • Zoom among stay-home winners to decline from peak valuations
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A year after Covid-19 reordered world markets, sparking a brutal selloff for many stocks and creating new lockdown darlings, the prospect of vaccine-led reflation is turning the tide for the pandemic’s main laggards.