PFE Gets U.K. Covid-19 Vaccine Approval | Best Stock Picks Today 12-2-20

BEST STOCK PICKS TODAY

Trading Game Plan: 12-20-20

Pfizer and BioNTech’s COVID-19 vaccine wins approval in first country as U.K. prepares for rollout next week

The U.K. has become the first country in the world to approve the Covid-19 vaccine developed by Pfizer PFE, +2.87% of the U.S. and Germany’s BioNTech BNTX, -8.23%, paving the way for the shot to be distributed to people who need it most within days.

The two-shot vaccine was authorized by the U.K. medicines regulator the Medicines and Healthcare products Regulatory Agency (MHRA) ahead of the U.S. and Europe, and will become available from next week, the government said on Wednesday.

Semiconductor stocks showed sector rotation and bullish order flow this week so we review the top stocks for trading today in this industry group.

WKHS (Workhorse) received negative news and the stock is trading almost 24% lower pre-market. We have a discussion today about trading headlines, profit potential and respecting risk such as the covid-19 vaccine news and the WKHS example.

Very different catalysts for trades. Very important to know your time frame for these types of setups.