Following the past few week’s positive coronavirus vaccine news, investors have grown more optimistic on the opening of trade today. Hence, experts believe there are certain stocks and industries worth investing in, that will help the economy “return to normalcy”.
This sentiment comes after AstraZeneca; in collaboration with the University of Oxford, stated that its COVID-19 vaccine was up to 90% effective. So far, they have been the third pharmaceutical firm this month to announce positive data, following Pfizer and Moderna.
All this publicity of a potential vaccine on the horizon has recently buoyed stocks, with the Dow Jones rallying nearly 1.1%, the S&P 500 was lifted to 0.6%, and the Nasdaq Composite climbed to 0.2%.
Taking this into consideration, experts believe that it is sound to invest in companies such as Boeing, General Electric, United, Macy’s, American Eagle Outfitters, Levi’s, Ulta, Estee Lauder, Disney, Carnival, Pioneer, Chevron,, General Motors, Tesla, Dupont, Visa, and American Express. These stocks have immediate upside, though it is still advisable to remain cautious in light of a potential bubble burst if vaccine distribution delays.