After the third vaccine results today (positive) shows the future and the future is good. If we don't botch the vaccine roll-out in 6 months, markets look very good. The Return-To-Normalcy names include aerospace, marginal retailers (i.e. Macy's), financials (credit cards), and travel (cruiselines).

The thriving Disney+ streaming service can sustain this stock alone. Add the theme parks that'll open, even partially as the vaccine protects more of the American population in 2021, and buying this stock is a no-brainer. This will be one of the biggest winners of the Covid recovery trade.

Part of the recovery trade that will lift the aerospace industry, including airlines, but his top choice would be Boeing. It popped 6% today, but there's lots of upside to come. This is a textbook Biden stock, benefiting as the new president eases trade tensions with China.

Will benefit from the recovery trade as vaccines reach the wider population. Marginal retailers will come back, and Macy's tops the list. They put up good numbers last week wit their EBITDA coming out better than planned. This will enjoy a serious lift when people return to shops.

A little risker than Federal Realty. Simon is the top mall owner. They bought a mall before Covid hit, but later negotiated a 20% discount for it. With vaccines coming and the reopening, Simon will benefit big time.

This is the year of the SPAC, many of which are too opaque for him to understand and feel confident about. Utz's SPAC is an exception. Last summer, a SPAC bought UTZ and rolled up the snack-food business. Since summer, they've made some more acquisitions including $480 million for a tortilla-chip company. Just reported a top and bottom-line beat with a strong full-year forecast.

The (U.S.) Thanksgiving Trade, now through Christmas It's the best time to have retailer exposure. He won't recommend an ETF, because some of those stocks in that basket are weak. However, look for retailers with a sound online operation or at least extensive safety measures in their stores. Of course, e-commerce has taken the world by storm during Covid. E-commerce has surged to 16% of US retail sales currently. In 2001, it was 1%. The top picks here are Amazon, Walmart, eBay, Apple and Home Depot in that order.

They've made a fortune despite and during Covid as an essential retailer. It kept rising from July-Spetember, which usually spells weak seasonalty for them. This will win during the Thanksgiving-Christmas sales season.

This year consumers are flush, because there are no vacations, concerts or sports to spend on, no experiences to buy, just staff. And Apple makes great "stuff" (5G iPhones, watches, etc.) that it does a great job selling online. He predicts a super holiday season for them. It's a great long-term story that'll benefit from Biden opening relations with China. Own this and don't trade it.

An essential retailer during lockdowns and was among the first to demand customers wear a mask. Seasonality suggests a strong holiday season for them starting now. They are improving their e-commerce operation, too.

They just named a new CFO. He loves the company and is more confident about it than the consensus which is now preferring Levis. However, buy this on weakness.

Sell given current volatility? Loves it. You must think of this over many years, as consumer sentiment moves from big box to individual empowerment. It's the ethos that matters here. Stay long if you hold it. You don't need to buy more now.

The stock exploded during the spring lockdown, because they supply medical staff to hospitals. However, parts of TMN are doing well (i.e. travelling nurses division), but other parts of suffering as non-urgent surgeries have been postponed. It's had a volatile year, but the last two quarters have beat and the stock has risen to $62. It was oversold. Trades cheaply at 19x 2021 earnings now.