On Monday, Dow Jones Index futures rose along with S&P 500 futures and Nasdaq futures, after the news of the coronavirus vaccine triggered a frenzy and uneven rise in the stock market.The Dow Jones and S&P 500 indexes after setting record highs Pfizer (PFE) and Biotechnology (BNTX) announced that their Covid-19 vaccine candidate has an effective rate of over 90%. But the Dow Jones Industrial Average and S&P index closed well above their highs, while the Nasdaq index fell sharply.
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Here are five names in or near the purchase area, and they are moving forward very well.Apple stock Microsoft (MSFT), Nvidia (NVDA), Salesforce.com (CRM) and Current service (just now).
Boeing (BA), airlines, tourism, and many retail and financial stocks hit by the coronavirus pandemic were the big winners on Monday.Waiting for drama at home Zoom movie (ZM), Peloton (PTON), snowman (YETI), Etsy (ETSY) is one of the biggest losers, although many other growth companies are also under pressure.
After closing Beyond meat (BYND) reported that in the dilemma of the restaurant and catering service industry, sales were weaker than expected. Beyond Meat stock has fallen by double digits, falling below 50 antennas, and the stock has fallen 23%. That would be a six-month low. Beyond meat also provides no guidance.
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The coronavirus crisis is not over
Pfizer’s coronavirus vaccine may be available soon, but it does not mean that the crisis is over. Widespread coronavirus vaccination takes several months. Currently, the number of coronavirus cases is increasing rapidly in the United States and worldwide. More and more European countries are implementing partial blockades. In the United States, local officials began to consider new restrictions.
Therefore, in the next few weeks and months, coronavirus vaccines like Zoom and Peloton may fall out of favor, while those like Boeing or Marriott (MAR).
What should investors do? Looking for companies and stocks that performed well before the coronavirus outbreak and performed well during the pandemic, but you may not necessarily get an extra boost from this crisis. These are all ready to achieve good results next year.
apple (AAPL), Microsoft, Nvidia, Salesforce and ServiceNow stocks all seem to be candidates. Even better, Apple, Microsoft, Nvidia, and Salesforce are all close to buying points. Except for Apple stocks, all other stocks were higher than the official buy point in the intraday session on Monday and then fell back, and all four stocks have triggered early trading. As for ServiceNow, all holdings are above its old buy point and 50 antennas.
Given that we are discussing stocks that have performed well under the influence of the coronavirus crisis and the Covid-19 vaccine, it is not surprising that there are three long-term IBD leaders, software giants Microsoft stocks, Salesforce and ServiceNow. Microsoft, ServiceNow and Nvidia stocks are all on the IBD rankings. Microsoft stock is also on SwingTrader. ServiceNow inventory and Nvidia are on IBD 50.
Dow Jones Futures Today
Dow Jones futures rose 0.2% from fair value. S&P 500 futures rose 0.25%. Nasdaq 100 futures rose 0.4%.
Keep in mind that overnight actions in Dow Jones Index futures and elsewhere will not necessarily translate into actual trading during the next regular stock market session.
Dow Jones futures were strong in early trading on Monday, and then suddenly soared on Pfizer coronavirus vaccine news. Nasdaq (Nasdaq) futures has always been the leader in overnight expenses, fluctuating between gains and losses, which indicates the struggle of technology stocks in regular trading.
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Coronavirus news
The number of coronavirus cases worldwide reached 51.02 million. The death toll from Covid-19 exceeds 1.26 million.
In the United States, the number of coronavirus cases has reached 10.2 million and the death toll has exceeded 244,000.
The Pfizer coronavirus vaccine co-developed with BioNTech must now reach certain safety milestones. However, the Pfizer/BioNTech vaccine may reach the FDA for emergency approval after the third week of November.The progress of the mRNA-based Pfizer vaccine’s late-stage trial modern (MRNA) Covid-19 vaccine candidate. As its code implies, Moderna also relies on mRNA technology to produce coronavirus vaccines. The efficacy data of the Moderna vaccine may be released in December, AstraZeneca (AZN) Expires before the end of the year.
The stock market rebounded on Monday
On Monday, the Dow Jones Industrial Average price index rose by 2.95%, but it closed close to an intraday low, almost offsetting half of its biggest gain of the day. The Standard & Poor’s 500 Index reduced its huge gains to only 1.2%. The Nasdaq Composite Index fell 1.5%.
Growth stocks performed well. Among the best ETFs, the innovative IBD 50 ETF (FFTY) fell 6.6%. iShares expanded technology software industry ETF (IGV) fell 3.6%, of which Microsoft, Salesforce and ServiceNow are all major components. Although NVIDIA suffered heavy losses, some chip manufacturers and several chip equipment stocks rose, but the VanEck Vector Semiconductor ETF (SMH) fell 1.2%.
Monday’s action may be a turning point for the stock market’s rebound. After spending most of 2020 during the coronavirus pandemic, a full economy seems reasonable. However, if there is light at the end of the tunnel, the distance is far.
In the United States, Europe, and many parts of the world outside of East Asia, with the surge of coronavirus cases and hospitalizations, increasing social distance and new commercial and government restrictions may cool the economy. In the difficult months, the recovery of real economy stocks may stagnate or even fluctuate. Likewise, the real coronavirus may rebound quickly, especially games like Zoom Video that seem to have long-term potential outside of the pandemic.
One-day shifts are not departmental rotations.
Coronavirus vaccine or pandemic stocks
This is why investors should consider including some quality companies and stocks in your portfolio, which may perform well when the coronavirus pandemic or Covid vaccine news drives market action. Salesforce’s stock gave up its strong gains, but only lost 0.3%. Apple and Microsoft’s stock prices fell by about 2%. The shares of ServiceNow and Nvidia both fell more than 6%. But none of these stock charts look particularly damaged. Everyone stayed above their 50-day moving average.
Nvidia’s revenue will be announced next week, but Apple, Microsoft, and ServiceNow have all reported, while Salesforce’s revenue will be within three weeks.
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