Trading ideas: Pharma, energy, gloves and techs

TheStar Tue, Nov 10, 2020 08:43am - 3 years View Original


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KUALA LUMPUR: JF Apex Research expects vaccine-related stocks, and sectors such as aviation, gaming, banking, O&G, consumer and REIT to be under investors’ interests on Tuesday.

As for gloves, plastic packaging, last-mile logistics and technology counters, they could come under selling pressure after the development of a coronavirus vaccine.

On Wall Street, Reuters reported the S&P 500 and the blue-chip Dow indices followed world equity indexes higher and US Treasury yields surged on Monday, as progress in the development of a coronavirus vaccine sparked a surge of optimism that the global economy will stage a solid recovery as life returns to normal, The Dow Jones Industrial Average rose 834.57 points, or 2.95%, to 29,157.97, the S&P 500 gained 41.06 points, or 1.17%, to 3,550.5 and the Nasdaq Composite dropped 181.45 points, or 1.53%, to 11,713.78.

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