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Motley Fool Hidden Gems Investing

A Vaccine Boost

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 13 November 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

Pfizer announces encouraging results from its COVID-19 vaccine. Disney gives investors 73 million reasons for optimism. Beyond Meat reports a surprising loss. Lyft reports a surprising increase in revenue. And DoorDash prepares for an IPO. Motley Fool analysts Ron Gross and Jason Moser discuss those stories and weigh in on the latest from Cisco Systems, DraftKings, McDonald’s, and Unity Software. And Ron and Jason share a couple of stocks on their radar: Cloudflare and Titan International. Plus, Motley Fool analyst Emily Flippen talks about what the election outcome means for the cannabis industry.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Everybody needs money. That's why they call it money.

0:07.0

From full global headquarters, this is Motley Fool Money.

0:18.0

It's the Motley Fool Money Radio Show. I'm Chris L. Joining me this week, Jason Moser and Ron.

0:23.0

Gross, good to see you. He was always gentlemen.

0:26.0

We've got the latest headlines from Wall Street. We've got the latest on the cannabis industry,

0:31.0

along with a couple of stocks on our radar. But we're going to begin with the story that we have all been waiting for.

0:37.0

On Monday, Pfizer announced that it's COVID-19 vaccine, which is in phase three trials,

0:43.0

is more than 90% effective in participants who were not previously infected.

0:49.0

Obviously, Jason, we still need final approval. There are still steps to go.

0:55.0

But in terms of the ripple effect for the stock market, it was pretty breathtaking to see.

1:00.0

Entire categories of stocks go up 10% or more. And on the flip side, a lot of the, quote unquote,

1:09.0

stay at home stocks falling 10, 15% or more.

1:12.0

Yeah, I mean, this is the news that we want to hear, right?

1:16.0

I mean, this is the news we've been waiting for. It does sound like we're one step closer to,

1:21.0

you know, the light at the end of the tunnel, so to speak. But to your point there,

1:25.0

I think it's been, it's been very entertaining to watch the knee jerk reactions on the market over the week.

1:31.0

I mean, I don't think it was really a surprise to any of us to see this quote unquote,

1:36.0

stay at home stock reaction, right? I mean, we were all anticipating that there would be some sort of rotation from one to the other.

1:46.0

It was a little bit surprising to see how drastic some of those moves were.

1:51.0

But I mean, you know, that's the power of big money in a lot of liquidity being able to make decisions very quickly

1:58.0

and just go ahead and move.

2:01.0

It is worth remembering. I mean, as you said, this is something, this is not over, right?

...

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