Why Coronavirus Vaccine News Is Great for Bank Stocks and REITs

The positive COVID-19 vaccine news just released by Pfizer (NYSE:PFE) sent the stock market soaring, but to the surprise of many investors, real estate investment trusts, or REITs, and bank stocks are some of the best performers. In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss why


The positive COVID-19 vaccine news just released by Pfizer (NYSE:PFE) sent the stock market soaring, but to the surprise of many investors, real estate investment trusts, or REITs, and bank stocks are some of the best performers. In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss why mall REITs like Simon Property Group (NYSE:SPG) are soaring by more than 20% on the news and some of the biggest U.S. banks, including JPMorgan Chase, Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) are up by double digits as well. And let’s not forget that we’re still in earnings season — we’ll also discuss what investors should know about the latest results from Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B), Square (NYSE:SQ), PayPal (NASDAQ:PYPL), and more.

To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.

This video was recorded on Nov. 9, 2020.

Jason Moser: It’s Monday, November 9th. I’m your host Jason Moser. On this week’s Financial show, we’re going to dig into the news of some very encouraging vaccine results and how that could potentially impact our world of financials related stocks. We’ve got a few earnings reports to dig into, we’ve also got our ones to watch for the coming week. Joining me this week, as most weeks, glad to have him as always, Certified Financial Planner, Mr. Matt Frankel. Matt, how’s everything going?

Matt Frankel: Well, pretty much every stock that I’ve ever mentioned on the show is up by more than 10% today, so I’m having a pretty good morning, I don’t know about you.

Moser: [laughs] Yeah. Hey, listen, you know, I don’t let the stock market dictate my attitude, but it’s certainly nice when you see them go up, I mean, you don’t see —

Frankel: I don’t either, but today might be an exception. [laughs]

Moser: We’re seeing certainly some of them are going down, and we’ll get into that, the whole stay-at-home stock phenomenon and how that’s playing out. That will be just one part of our broader discussion here, but you know, let’s go ahead and jump into this discussion, because clearly the big news of the day, the drugmakers Pfizer and BioNTech have indicated that their COVID-19 vaccine is more than 90% effective.

Now, we don’t want to get ahead of ourselves here. This could mean a lot of different things, but it really does seem, at the very core, it marks a major step in the right direction in this battle against COVID-19. And clearly, Wall Street is loving the news….



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