It’s no surprise that the broad stock market continues to rally as investors have been empowered by the recent good news on Phase 3 of the COVID-19 vaccine testing from Pfizer Inc (NYSE: PFE) and Moderna Inc (Nasdaq: MRNA).
Moderna’s COVID-19 vaccine announcement came a week after Pfizer’s, pushing the market rally up to record highs.
And when you think about it, the potential vaccine success is going to rock Wall Street these next coming weeks and months…
Certain travel stocks like airlines, cruise companies and even oil drillers are enjoying some of the market rally with the hopes that a vaccine will result in more people traveling again.
Now we’re seeing 2020’s favorite stock pick, stay-at-home stocks, starting to trade lower… which has got me questioning where the money is flowing into.
Lucky for us, New Money Crew Head Trader Joshua Belanger thinks he just found where investors are pooling all of their money… and after taking a look at the chart he sent me, I think Wall Street is about to get a whole lot more interesting with this stock.