Covid Cure Runners - Where the Smart Money is moving.Well, Pfizers news yesterday of a Corona vaccine with 90% efficiency was received well by the market sending the Dow through the roof and heavily punishing the stay-at-home / work-from-home stocks that have been keeping us all entertained for the last 6-8 months. As per the video, it all feels a bit too soon, but there does seem to have been a big sell off of the tech stocks, and you can see the smart (and retail) money moving into the heavily beaten up areas like airlines, cruises, casinos, and complimentary businesses like hotels and resorts where a lot more value and potential upside remains.
I thought I'd cover examples of some of the stocks in each of these areas and suggest possible ways outside of the TradingView Screener for you to find additional stocks in these spaces that might also be running, as well as how to look at what an ETF is made up of. You could choose to trade the ETF which is a container of like-themed stocks, or pick the best individual stocks and seek to outperform the ETF.
The video includes examples of some US as well as Australian stocks, but the idea will work for any markets. As always do your own research. None of these should be considered any kind of recommendation, they were just names I pulled out of my memory without having done any research. The whole market could turn upside down and inside out again tomorrow on different news :)
What do you think. Was the timing of the news just lucky coincidence or delayed conspiracy ;)
Hope it's useful. Enjoy.
