Pfizer (PFE)

Dec 20, 2021Trade Ideas

PFE Chart by TradingView

Over the last few days, the number of Omicron cases has nearly doubled.

It’s now in 43 states, and in 90 countries. “The Centers for Disease Control and Prevention (CDC) estimates that Omicron accounts for at least 13 percent of all new cases in New York, which on Saturday recorded its highest ever single-day tally of new COVID-19 cases at 21,908, breaking the prior record of 21,027 set just one day earlier,” reports The Daily Mail.

Worse, Dr. Francis Collins, Director of the National Institutes of Health says the U.S. could see about a million infections a day. At the same time, according to NPR, it’s still too early to know how the virus will act in the U.S., as compared to previous variants.

At this point, no one knows when the pandemic chaos will end.

What we do know is that as long as the virus sticks around, some of the top potential winners could be virus stocks, such as Pfizer (PFE). While PFE is technically overvalued, it could see higher highs on the latest news. In fact, in pre-market, PFE is up more than $1.

In addition, according to MarketWatch, “Research shows only Pfizer/Moderna vaccines with booster stop omicron.”

To you and yours, have a happy, healthy holiday and New Year.

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