August 3, 2021, 10:41 am EDT
The Resurgence of COVID-19 Delta Variant
The resurgence of COVID-19 delta variant cases drives up healthcare pharmaceutical/biotech stocks recently: LLY, PFE, JNJ, MRNA, BNTX.
But it does mean the stock market behaves in a bearish way. In fact, the rising of retailer stocks indicates the optimistic expectations for these vaccines to work. For example, please check out these stocks:
- Sports Retailer: UA, VSTO, YETI
- Clothing: RL, PVH
- Discount: DLTR
- Electronic: BBY
- Specialty: TSCO
Combining these trends we can conclude that bulls are still running fine, though the breadth and strength of the rally become narrower and weaker.
Profitable trades require careful selection on fewer stocks.