Bold investors may want to go bargain hunting in areas left behind in this vaccine-driven market rally, Ian McGugan writes. While several broad benchmarks of stock prices have jumped in recent weeks because following good news from medical trials, many individual sectors and companies are still trading well below their prepandemic levels. Consider airline stocks, which languish well below their January highs.
Or look at real estate investment trusts , especially those that specialize in office and retail properties.The U.S. Global Jets ETF, which tracks a basket of major U.S. airlines, has been surging on the vaccine news but is still more than 25 per cent below its prepandemic levels. In Canada, the Vanguard FTSE Canadian Capped REIT Index ETF, which holds a diversified basket of REITs, is trading 10 per cent below its level in January.