The Huge Technology News That Went Totally Under the Radar on Monday
Many "out-of-home" stocks surged on Monday, Nov. 16, as leading vaccine company Moderna (OTC: MRNA) disclosed its coronavirus vaccine proved 94.5% effective in clinical trials, and that it lasts longer than expected in a refrigerated environment.
This is fantastic news, and it reignited the continued rotation from "stay-at-home" stocks to "reopening stocks" that began earlier this month following the release of positive data from Pfizer (NYSE: PFE).
One sector that combines both the long-term growth prospects of stay-at-home tech stocks with the cyclical qualities of many "out-of-home" stocks are semiconductors, which also got a boost Monday. But it wasn't only the vaccine data that moved semis, but also another hugely important tidbit of news that was buried underneath all the vaccine hype. And it's one that semiconductor companies of various stripes have been waiting for for a while.
Source Fool.com
