PFE - 3 Fantastic Stocks That Could Enjoy a Santa Claus Rally
2023-12-16 06:55:00 ET
You might think that the stock market would be really quiet during the holidays. After all, many investors are on vacation and take a break from buying and selling stocks. Interestingly, though, the S&P 500 often rises noticeably in the final five trading days of December and the first two days in January.
Three Motley Fool contributors think they've identified fantastic stocks that are especially likely to enjoy this kind of "Santa Claus rally." Here's why they picked AbbVie (NYSE: ABBV) , CRISPR Therapeutics (NASDAQ: CRSP) , and Pfizer (NYSE: PFE) .
Keith Speights (AbbVie): We won't have to wait until after Christmas for one beaten-down stock to rally. The rally has already begun for AbbVie: Shares of the big drugmaker have jumped more than 10% since Thanksgiving. I think this momentum could continue into the new year.
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3 Fantastic Stocks That Could Enjoy a Santa Claus Rally