Fox News Poll Puts Joe Biden Ahead Of Donald Trump Nationwide / Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 tr

Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 treatment heats up

NEW YORK – Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.

A record 48% of fund managers are overweight healthcare stocks, a BofA survey showed, and the S&P 500 healthcare sector is up nearly 34% since its March low. Hopes for a treatment have also sparked outsize rallies in the shares of companies such as Moderna and Inovio Pharmaceutcials, up 242% and 3331% since the start of the year, respectively, as of Thursday’s close.

In recent weeks, news of potential treatments or vaccines to fight the pandemic have occasionally fueled swings in broader markets.

Yet some fund managers believe lasting profits may be elusive for vaccine-makers, leading them to seek corners of the healthcare sector that could see longer-term benefits from the fight against coronavirus.

Large pharmaceutical companies such as Johnson & Johnson<JNJ.N> and GlaxoSmithKline Plc <GSK.L> have said they plan to make any successful vaccine available at cost, though they could reap profits later if a seasonal shot is needed. Multiple treatments could also divide the market between many players, investors said.

“There’s the question of ‘Does anyone really make a lot of money on this?,” said Larry Cordisco, co-portfolio manager of the Osterweis Fund.

Signs of progress on potential treatments could bolster the case for a quicker economic recovery and further fuel the rally that has boosted the S&P 500 around 30% from its late March lows. In the next two weeks, Gilead Sciences is expected to announce results of clinical studies of its potential coronavirus treatment remdesivir for patients with moderate symptoms of Covid-19. Pfizer has said it expects to release safety data for initial human testing of experimental vaccine by the end of May.

[link to www.metro.us (secure)]

Yes same poll results as last election.

You know what that means then? If results are same, Hillary had the same percentage and lost the race, Trump will likely have the same outcome this year.

MAGA 2020

shin this pit trin