Feb 24, 2021 (StockMarket.com via COMTEX) -- Do You Have These Epicenter Stocks On Your List Next Month?
When you are looking for the best stocks to buy in the stock market today , some of the best investments can be found in epicenter stocks. So, you might ask, what exactly are epicenter stocks ? Originally popularized by Fundstrat's Tom Lee, epicenter stocks are those which have been beaten down the most by the coronavirus pandemic. They are also the ones that could become the fastest to recover in light of an economic reopening.
Many of the travel names might spike from time to time over positive vaccine and treatment news. But we know that these companies are still struggling to gain a strong footing. That's simply because they have been burning hundreds of millions of dollars every month just to stay afloat. Having said that, you might be skeptical about putting your money into a list of the top epicenter stocks today. I get that. However, as the world moves forward with more vaccines being approved, things are looking up. For a start, investors could prepare themselves with companies that are now struggling but stand a good chance of pulling through.
Pfizer ( NYSE: PFE ) and Moderna ( NASDAQ: MRNA ) were among the earliest to receive approvals for their vaccines. And on Thursday, Novavax ( NASDAQ: NVAX ) said that its coronavirus vaccine was more than 89% effective in protecting against COVID-19 in its phase 3 trial conducted in the U.K. Now, with Novavax's vaccine looking to be on track to join Pfizer's and Moderna's, would you prepare a list of the best epicenter stocks to buy before 2021?
Top Epicenter Stocks To Watch On February 2021
American Airlines ( NASDAQ: AAL )
Carnival Corporation ( NYSE: CCL )
Booking Holdings ( NASDAQ: BKNG )
AMC Entertainment Holdings ( NYSE: AMC )
First up, shares of American Airlines soared more than 20% at the opening after the company reported earnings Thursday morning. If you haven't taken a look at it closely, you would have thought AAL reported better than expected earnings. But the truth is, it's because Reddit investors believe that AAL stock may be the next GameStop. And why might that be the case? All that started from one user saying that AAL stock is majorly shorted while others aren't.
American Airlines reported a net loss of $2.18 billion for the fourth quarter, compared with a profit of $414 million a year earlier. The carrier reported an annual loss of $8.9 billion, its biggest on record. Fundamentally, this is not something to be cheering about.
However, anything that Reddit investors have their sight on is worth putting on your watchlist. No, I'm not saying this is the best investment in the stock market. But with this week's vaccine news, the road to recovery for AAL stock may be a smoother one.
Like American Airlines, the coronavirus pandemic has also brought the cruise-line business to a screeching halt. During the ongoing pandemic, the company has been burning hundreds of millions a month to stay operational. Even though the outlook for the industry seems bleak, many countries are immunizing their citizens. And that is a sign of hope.