[ad_1]
Racing grants with the announcement of an upcoming Covid vaccine. But there are those who go down and those who go up, even on a day with strong rises in the stock market, with the markets reviewing the highs reached in March, in the days before the first lockdown. Speaking of stocks, for example, the leading pharmaceutical companies in the long-awaited announcement are flying: America’s Pfizer gains 6% on Wall Street, while Germany’s BioNTech, based in Germany but listed on the Nasdaq, opened up 16%. %.
On the contrary, many companies that have used locks to make a lot of money, in terms of income how much of capitalization of the Stock Market – you are now facing a very different reality. Let’s take a look at roller coaster stocks in these hectic financial days.
Those who exploit the (potential) end of stock market lockdowns
The Covid vaccine developed by its companies has shown 90% effectiveness in preventing contagion among volunteers admitted to phase 3 of the tests, above expectations (they were 60-75%). Pfizer and BioNTech expect to be able to deliver 50 million doses worldwide by this year and 1.3 billion by 2021. If the vaccine proves to be truly effective and universally usable, the global economy would grow again after nearly a year of great suffering. . The vaccine requires the administration of two doses per person. Both Pfizer and BioNTech had signed an agreement with the US government in July, worth nearly $ 2 billion, for the supply of 100 million doses. And the new President Biden has announced that the distribution of the vaccine will be free. Europe had already closed an agreement for 300 million doses.
The oil rally
The Dow Jones jumped 1,563 points in the first minutes of the trading day, + 5.5%, reaching the all-time record; A record also for the S&P 500, which rose 3.7%, while the Nasdaq Composite gained 1.3%. The Russell 2000 Small Cap Index is up 4.6%. Today is a great day for science and humanity, said Albert Bourla, president and CEO of Pfizer in the note in which the pharmaceutical giant made the big announcement. We can see the light at the end of the tunnel, CEO Bourla told Cnbc, I think this is probably the greatest medical progress made in the last 100 years, considering the impact this vaccine will have on health. public and economic.
The first beneficiary of a world that is reopening to trade and traffic of goods and especially of people would be old oil. In fact, black gold was immediately the protagonist of a rebound in commodity markets. WTI crude, a benchmark in the US market, registered the record daily rise of the last six months: + 10% to 41 dollars a barrel. The shares of the oil companies offer a return to the past: the Euro Stoxx oil & gas, the index of the main oil companies, gains more than 10%, while in Milan there are jumps of around 10% for Eni, Saipem me Tenaris (pipes for gas and oil pipelines).
Airlines and tourism in the shields
On Wall Street, stocks in sectors that have mostly paid for the effects of the pandemic so far have suddenly returned to fashion, starting with airlines and stocks of companies active in tourism. Noon, the american airlines have flown by more than + 25% (now they are advancing by more than + 16%), Delta Airlines earn 14% e United airlines increases by more than + 17%. Booming also for the shares of companies that manage cruise trips, such as Carnival (+30)%.
Come out too Walt Disney Company (+ 12%), with investors betting on the end of the restrictions imposed on theme parks to prevent the spread of the virus.
Who pays for the (potential) end of locks
The end of the lockdowns that have multiplied in recent weeks around the world is only potential, but the stock market is sovereign in anticipating trends (and hopes). Therefore, the good news sinks the populations that, on the other hand, have benefited more from the containment measures and quarantines that have forced millions of people to stay at home: Video zoom collapse by more than 16%; sales also in other titles to stay at home, as they are called now, starting with the undisputed leader of e-commerce, Amazon (-4%), and Netflix (-9%).
It should be noted that Wall Street closed last week with the best week since April despite the uncertainty about the final result of the US presidential elections on Tuesday, November 3, which was evident over the weekend with the victory of Democratic candidate Joe Biden. The S&P and Nasdad rose 7.3% and 9% respectively, while the Dow Jones advanced 6.9%.
Piazza Affari, banks and oil well
In Milan, Piazza Affari closed up 5.4% and was dragged down by financial and banking stocks: shares in the oil sector performed well (Eni + 12.78%, Saipem + 12.31% and Tenaris + 9.54%), as well as the banks (Intesa Sanpaolo + 9.22%, Banco Bpm + 7.22%, Mediobanca + 7.57%), but the best were Pirelli (+ 14.22%), Bper (+14, 17%), Unicredit (+ 13.72%) and Leonardo (+ 16.27%). StMicroelectronics stood out positively (+ 5.1%), which closed above 30 euros and at its highest level since 2002, after the accounts of the German competitor Infineon (+ 3.3% in Frankfurt), which exceeded expectations. Roma jumps off the top list (+ 49.8%) in traders’ bets for a raise after the failure of Friedkin’s takeover (with the failed delisting).
The collapse of Diasorin
While Piazza Affari is ecstatic at the wave of Pfizer’s announcement about the Covid-19 vaccine, Diasorin sinks and loses more than 16%. From March 9 to the close of Friday, the stock had practically doubled in value (+ 99%, from 101 to 201.2 euros), thanks to the fact that the company stands out at the forefront of rapid tests for the diagnosis of Covid-19. If an effective vaccine, such as Pfizer’s appears to be, is found soon, the role of anti-Covid testing could become less relevant.
© REPRODUCTION RESERVED
