Markets

Cruise stocks surge after Bank of America lifts price targets on vaccine hopes

Cruise stocks gained on Thursday after Bank of America boosted its outlook for the beleaguered industry. The bank’s analysts raised price targets for Royal Caribbean Cruises, Carnival, and Norwegian Cruise Line Holdings, saying the widespread distribution of a COVID-19 vaccine can bring prices back to their pre-pandemic highs. Carnival and […]
Cruise stocks surge after Bank of America lifts price targets on vaccine hopes
Markets

The so-called reopening trade surges on Moderna vaccine trial success

On Tuesday, Moderna announced that its coronavirus vaccine produced a “robust” immune response in all 45 patients in an early stage human trial. Shares of the so-called reopening trade, which includes airlines, cruise lines, and retail stocks, surged in premarket trading Wednesday. The reopening trade consists of stocks that would […]
The so-called reopening trade surges on Moderna vaccine trial success