Pfizer 's Nov. 9 announcement that it's making progress toward a COVID-19 vaccine caused markets to rally, with beaten down sectors including airlines , industrials , and retailers leading the way higher.
It's way too soon to declare the pandemic over, but hopefully with a vaccine on its way, we are at least near the beginning of the end. The market's initial reaction suggests Wall Street thinks so, with work-from-home stocks getting hit hard and life-as-it-was stocks rebounding.
For investors, the challenge now is to figure out which stocks that moved higher on Monday have what it takes to continue to push higher in the months to come. Here's why we think AerCap Holdings (NYSE: AER) , General Motors (NYSE: GM) , and Boeing (NYSE: BA) still have room to run even after a big jump earlier in the week.
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These 3 Stocks Rallied 10% After Pfizer's Vaccine News: Here's Why They're Still Buys