The next batch of winning stocks in the pandemic era will come from these 3 areas, fund manager says

Up 11% in the third quarter and 24% year-to-date, the Nasdaq Composite COMP, +0.97% remains tough to beat for 2020, thanks to stocks that have soared during the pandemic, like Apple AAPL, +0.35% and Amazon.com AMZN, +1.30%.

The next batch of “winners” is tied to Orlando’s view that the U.S. recession that started at the beginning of the year is just about over, the country has learned enough to avoid a third virus wave, and the vaccine pipeline is optimistic. Boeing BA, +1.53% is an industrial company Federated Hermes owns in several value-themed portfolios. “If the airline industry comes back, they’re going to need to upgrade their fleet of planes,” he said.

“I’m convinced there’s a light at the end of the tunnel, it’s just a question of how long that tunnel is,” said Orlando.Stock futures YM00, +0.18% ES00, +0.37% NQ00, +0.86% are higher, with European equities SXXP, +0.19% also positive. The Tokyo Stock Exchange was shut for the entire session over a trading glitch, and Friday´s session is looking dicey.Weekly jobless claim fell to 837,000 in mid-September from 873,000, while other data showed falling personal incomes.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer on Peloton, Wayfair and other stocks with post-pandemic staying power'If the market's turned against your favorite Covid names, you can't expect them to come back any time soon,' the 'Mad Money' host said. Re-allocation is spending. I knew Peloton will reach $100 but I didn’t bought it. Instead I bought $AMWL and $QCOM
Source: CNBC - 🏆 12. / 72 Read more »