Financials: Why Are Bank Stocks and REITs Soaring on the Vaccine News?
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 9 November 2020
⏱️ 44 minutes
🧾️ Download transcript
Summary
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.
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Transcript
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| 0:00.0 | Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day. |
| 0:11.0 | I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seidful. I'm |
| 0:14.7 | Dylan Lewis. And today we're talking financials. Today we're talking |
| 0:18.2 | consumer goods. Wild-Carp! Wednesday. And we're talking energy. and today we're talking tech. |
| 0:24.0 | Let's dive in. |
| 0:27.0 | It's Monday, November 9th. |
| 0:28.0 | I'm your host, Jason Moser on this week's financial show |
| 0:31.0 | we're going to dig into the news of some very encouraging vaccine |
| 0:34.0 | results and how that could potentially impact our world of financials related |
| 0:38.0 | stocks. We've got a few earnings reports to dig into. We've also got our ones to |
| 0:42.4 | watch for the coming week |
| 0:44.0 | joining me this week as most weeks glad to have here as always certified financial |
| 0:49.3 | planner mr. Matt Frankle Matt has everything going well pretty much every stock that I've ever mentioned |
| 0:54.4 | on the show is up by more than 10% today so I'm having a pretty good good morning I |
| 0:58.3 | don't know about you. Yeah hey listen you know I it's I don't let the stock market dictate my attitude, but it's certainly nice when you see him go up. |
| 1:07.0 | I don't either, but today might be an exception. |
| 1:09.0 | We're seeing certainly some of them are going down and we'll get into that the whole stay at stay at home |
| 1:15.2 | stock phenomenon and how that's playing out. That'll be just one one part of our broader discussion here but |
| 1:22.1 | you know let's go ahead and jump into this |
| 1:24.0 | discussion because clearly the big news of the day the drug makers Pfizer and |
| 1:28.9 | Bio and tech have indicated that their COVID-19 vaccine is more than 90% effective. |
| 1:36.0 | Now, we don't want to get ahead of ourselves here. |
... |
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