These are the top stocks to buy based on the 2020 U.S. presidential election, with new stock picks updated daily from the sharpest investing minds in the business

6 Vaccine Stocks to Buy for Operation Warp Speed

Investors have long realized that vaccine stocks are a great way to play the novel coronavirus. They have been some of the best stocks to buy amid the pandemic, particularly as Wall Street has leaned into the idea that widespread vaccination will bring about a return to normal. Such a return to normal would mean in-person learning, reopened businesses and a revitalized economy.

On Monday, investors are also getting a good look at the sort of political catalysts behind these stocks.

Reports over the weekend began to circulate that the White House — through the U.S. Food and Drug Administration — would grant early approval to a vaccine candidate from AstraZeneca (NYSE:AZN) and the University of Oxford. Clinical data thus far supports that the candidate is safe and can generate an immune response, but human trials within the U.S. are just kicking off.

Some are responding to the news with lots of excitement. Monday morning saw airline stocks and cruise operators rallying. Any industry that would benefit from vaccination seemed to climb. But others are worried that Trump could rush vaccine approval to stoke voter support ahead of the November election.

With perfect timing, InvestorPlace’s Dana Blankenhorn weighed in. Trump is pouring billions of dollars into the vaccine race, via Operation Warp Speed. He writes that beyond money, these vaccines will need time. But that hasn’t stopped investors from making a whole lot of money.

Vaccine stocks are red-hot in 2020, and that is not likely to change. In fact, regardless of the election outcome, they will continue to be critical to the American reopening plan. However, any more early indications of success — early as in prior to November — could boost the chances of Trump’s reelection, beyond creating rallies similar to what we saw this morning.

As the vaccine race heats up, Blankenhorn sees these six stocks as your best bets:

Regeneron (NASDAQ:REGN)
Sorrento Therapeutics (NASDAQ:SRNE)

Author: Sarah Smith

Source: Investor Place: Investing for the Election: 6 Vaccine Stocks to Buy for Operation Warp Speed

Comments are closed.

Ad Blocker Detected!

Advertisements fund this website. Please disable your adblocking software or whitelist our website.
Thank You!