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Wells Fargo has a & # 39; Covid Beta & # 39; portfolio to get optimistic vaccinations

wells-fargo-has-a-39-covid-beta-39-portfolio-to-get-optimistic-vaccinations

The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) in New York City, New York, the United States, on June 11, 2020.

Brendan McDermid | Reuters

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The recent surge in the market does not affect President Trump's re-election chances or the soap opera of the stimulus negotiations, Wells Fargo said in a new note, but the emergence of treatments for Covid-19.

"The market appears to be approaching our bullish views on 'Covid Betas' (i.e., rally on positive Covid solutions and news flow), simple 1H21 comps, improved growth rate and potential vaccines," the statement said, accompanied by a list of the "Covid Beta" stocks most likely to ricochet off positive treatment news.

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Steven Gregory