Wood, for her part, has said that she still considers companies like Zoom Communications Inc ZM.O "undervalued" and has been buying on dips. Technology and high-growth stocks that Wood favors have suffered as investors price in the likelihood of above-average inflation that would raise borrowing costs for consumers and companies. The yield on benchmark 10-year U.S. Treasuries hovered near a 14-month high of 1.72% this week, as investors priced in the effects of the Biden administration's $1.9 trillion stimulus plan and the Federal Reserve's pledge to keep monetary policy loose, boosting economic growth and inflation.