Complex Event Analysis - Report
Key Focus
And we might even have a vaccine.
Vaccine investors, hold the Champagne
Early approval of vaccines before the elections probably wouldn't help investors in the companies developing them, including Moderna, AstraZeneca, Pfizer PFE, +0.54%, Johnson & Johnson JNJ, +0.29%, Sanofi SNY, +1.73%, Inovio Pharmaceuticals INO, -0.48%, Novavax NVAX, +9.24% and Arcturus Therapeutics ARCT, +2.92%, among others.
That's because many of the stocks have already risen a lot, especially those closer to being pure plays because they are smaller.
Next, it would be bad PR for vaccine producers to be seen making a lot of profits off a global pandemic health crisisAs fears of a second wave of Covid-19 weigh on stocks, here's some potentially good news: A vaccine may be approved before the November election, according to a major biotechnology investing research firm.
The prediction is a big deal for investors for three reasons.For investors, early vaccine approval would be bullish for biotech stocks, cyclical stocks, travel stocks, the economy and the market overall.They have been plagued for years by worries the government will regulate drug prices.
"In the end, a vaccine likely does more for the sector as whole from a sentiment standpoint," says Jefferies'Holz.
Vaccine approval would also help cyclical and travel stocks because it would lower the odds of another full lockdown.Momentum supporting factors
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