What a day…
On potential vaccine news, the Dow is up 1,090 points. The NASDAQ is up 95, as the S&P 500 tacks on another 90 points.
All on news Pfizer just said its COVID-19 vaccine is 90% effective. “Amazing news from Pfizer with 90% efficacy. This hopefully is the beginning of the end of our fight against Covid,” Peter Boockvar, chief investment officer at Bleakley Advisory Group, said, as quoted by CNBC.
As noted by Pfizer Chairman and CEO Albert Bourla:
“It is a great day for science. It is a great day for humanity when you realize your vaccine has 90% effectiveness. That’s overwhelming,” Bourla said on CNBC. “You understand that the hopes of billions of people and millions of businesses and hundreds of governments that were felt on our shoulders, now… I think we can see light at the end of the tunnel.”
From here, if life can soon get back to some sort of normalcy, these are some of the top stocks that could run to higher highs.
Cruise Stocks
Cruise lines were beaten silly by the coronavirus, with ships docked and unable to move. However, with a potential vaccine, that may not be the case for much longer. With plenty of pent up demand from travelers, cruise stocks, like Carnival (CCL) and Royal Caribbean (RCL) could push much higher from current prices.
Theater Stocks
On vaccine excitement and hopes of survival, theatres stocks are pushing higher as well. AMC (AMC), Cinemark (CNK), and IMAX (IMAX) are all just beginning to push higher.
Hotel Stocks
Other leisure names like hotel stocks are pushing higher on hopes life may soon return to some sort of post-pandemic normalcy. Take a look at Marriott (MAR), Hilton (HLT), and Hyatt (H).
The post The Top Stocks to Consider on Potential Vaccine News appeared first on Morningology.
