‘I wouldn’t rule it a bubble’: Strategist explains why investors are paying high prices for stocks

'I wouldn’t rule it a bubble': Strategist explains why investors are paying high prices for stocks"There are renewed expectations that the Pfizer vaccine will be ready for approval by the end of October, which is sooner than expected – so that's very good news," said Thomas Hayes, managing member at Great Hill Capital LLC in New York. Merger news also perked up investors as Analog Devices Inc announced a $21 billion deal to buy rival Maxim Integrated Products Inc , sending its shares up 13.0%. Pepsi Co gained 1.5% as it benefited from a surge in at-home consumption of salty snacks such as Fritos and Cheetos during lockdowns.

from Yahoo Finance https://ift.tt/2OixxVR

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