Is Buying a Basket Loaded With Every Coronavirus Vaccine Stock a Smart Strategy?

The entire world anxiously awaits good news in the race to develop a vaccine for novel coronavirus disease COVID-19. And there are plenty of drugmakers hoping to be the bearers of some good news, including both big pharmaceutical companies and small biotechs.

Some investors could be tempted to try to pick the most likely winner among these and other stocks of drugmakers with COVID-19 vaccine programs. But there is another approach: Buy all of the stocks. Is investing in a basket of coronavirus vaccine stocks a smart strategy?

Image source: Getty Images.