Sector ETFs To Gain The Most On COVID-19 Vaccine Rollout

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The United States has geared up for the largest-ever immunization with the rollout of the COVID-19 vaccine developed by Pfizer (PFE - Free Report) in collaboration with a German biotechnology company, BioNTech (BNTX - Free Report) for millions of Americans. This is a historic development to counter the worst pandemic in over 100 years.

About 3 million doses of the Pfizer/BioNTech vaccine have been delivered to health workers and nursing home residents for the first shot. The U.S. vaccination program aims to reach 100 million people by April. The FDA authorized the emergency use in people aged 16 and older last week. The United States became the sixth country to approve the Pfizer vaccine after Britain, Bahrain, Canada, Saudi Arabia, and Mexico, and is the second to join Britain in rolling out vaccines.

The Pfizer vaccine, which needs to be stored at -70 degree Celsius, offers up to 95% protection and is the first COVID-19 vaccine approved by U.S. regulators. Pfizer expects to ship 25 million doses in the remainder of 2020 and up to 100 million in the first quarter of next year.

The vaccination came amid the surge in a number of cases lately. Per the Covid Tracking Project, death has risen sharply since November and the number of people in hospitalization also continued to grow steadily. The seven-day averages of new daily cases reached a record high of 211,494 with 106,656 hospitalizations and 2,427 deaths on Dec 13.

Another company — Moderna (MRNA - Free Report) — is expected to receive FDA approval by the end of this week. The company is expected to ship vaccines next week if approved. Moderna can make 20 million doses available to the U.S. by the end of the year, up to 100 million doses by the end of the first quarter of 2021, and another 100 million by the end of Q2.

Sectors to Gain Big

A vaccine will end the pandemic crisis and set the stage for a speedy recovery thereby boosting demand for several types of products and services in the economy. The increased activity will continue to fuel the stock market to new heights.

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