An effective vaccine could be the turning point for value stocks, but perhaps not just yet

first_img– Advertisement – – Advertisement – Value stocks have been on a tear in the last week after positive vaccine news from Pfizer and BioNTech raised hope of the U.S. economy staging a fast recovery next year. However, investors loading up on beaten-down value names should brace for some volatile swings as risks to the group linger.The iShares Russell 1000 Value ETF (IWD) rallied 5.7% last week after Pfizer and BioNTech said Monday that their coronavirus vaccine candidate was more than 90% effective at preventing the coronavirus during a late-stage trial. Value’s gain came at the expense of high-flying growth stocks. The iShares Russell 1000 Growth ETF (IWF) lost 1.2% last week.center_img Traders work the floor of the New York Stock Exchange.NYSElast_img

Big night of action in Airtricity League

first_imgIn the First Division, leaders Limerick are at home to Athlone Town in a 7.15 start.Elsewhere, Drogheda United go up against Shelbourne, UCD host Cobh Ramblers and Cabinteely go to the RSC to take-on Waterford United. Leaders Dundalk have made the long journey to Donegal to face Finn Harps, while second-placed Cork City will be hoping to close the four-point gap at the top of the table.The Leesiders are preparing to host fourth-placed Derry City at Turner’s Cross, which is the only 7:45 start tonight in the Premier Division.The action at Finn Park will kick-off at 8pm, which is also the start time for the other two matches in the top-flight as St Pat’s host Longford Town and Wexford Youths go up against Shamrock Rovers.last_img