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Home Commodities

Revert to the Norm

November 24, 2020
in Commodities, Cryptocurrencies, Forex, Indices and Stocks
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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.

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Copyright © 2020 - All Rights Reserved

Disclaimer: All content, posts, articles, pictures, links, and information published here and throughout LegacyFX’s Blog are for informational purposes only and do not constitute an official opinion or call-to-action by LegacyFX. Opinions and information presented here may not coincide with other market reports and experts. Nothing presented should be construde as investment advice, recommendation, or suggestion to perform an actions with a financial instruments. The company carries zero influence over any markets and signals. Therefore, the company cannot be held liable for nor guarantee any profits or losses.

All content rights reserved. When copying or republishing the materials presented here, a link to blog.legacyfx.com or attribution in the format of "Provided by LegacyFX Blog" is required. Failure to comply with this rule may result in legal action. For general questions, please contact us via the form on the "Contact Us" page.