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Financials: Why Are Bank Stocks and REITs Soaring on the Vaccine News?

Financials: Why Are Bank Stocks and REITs Soaring on the Vaccine News?

FromIndustry Focus


Financials: Why Are Bank Stocks and REITs Soaring on the Vaccine News?

FromIndustry Focus

ratings:
Length:
44 minutes
Released:
Nov 9, 2020
Format:
Podcast episode

Description

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 (NYSE: JPM), 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.  Check out more of our content here: StockUp, The Motley Fool's weekly email newsletter Podcasts Youtube TwitterReach us by Email @ IndustryFocus@fool.com
Released:
Nov 9, 2020
Format:
Podcast episode

Titles in the series (100)

Healthcare, technology, energy, consumer goods, and more. Every day, Motley Fool analysts break down a specific industry and the stocks making headlines. Questions? Comments? Email us at IndustryFocus@fool.com.