Value opportunities for vaccine optimists

Who are the winners and losers during the pandemic?

The recession triggered by Covid-19 has been unusual in many ways. For investors, perhaps the most striking feature of this recession has been the degree to which it has created winners and losers.

The technology stocks that have provided the hardware and software to enable vast swathes of the population to work and shop from home have been key beneficiaries. In contrast, many companies and sectors that rely on people going out continue to languish.  But which stocks still offer value and could benefit if a Covid-19 vaccine becomes viable and life is able to return to that which we once knew? Of course, we do not know when, or even if, a vaccine will become available, so the following opportunities seem most suitable for those investors with longer horizons. US value stocks Wh...