Tourism stocks rally on news of possible COVID-19 vaccine

Stocks of beleaguered tourism companies rose sharply Monday after drug maker Pfizer’s announcement that its coronavirus vaccine was 90% effective in early trials.The gains for airlines, hotels and cruise lines occurred amid a broader stock market rally reflecting investors’ hopes that a vaccine could soon return economic life back to normal in the United States and beyond.“People are buying those because they see a light at the end of the tunnel,” said Todd Morgan, chairman at Bel Air Investment Advisors.Arguably, no industry has more riding on stopping the pandemic than the cruise industry, p…

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HEDGE accordingly