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Is Pfizer Stock a Buy Monday?

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As markets soar higher Monday, the source of the positive sentiment may not be a stock to buy Monday. 

Chris Versace, a Real Money contributor and co-portfolio manager of Trifecta Stocks and Stocks Under $10, said investors will want to avoid buying Pfizer  (PFE) - Get Pfizer Inc. Report Monday. 

Pfizer stock is up over 8% to $39.55 Monday. Versace said the pop in the stock, paired with the lack of an immediate source of profitability from the vaccine, is reason enough to approach the stock with caution

"I hate to say it but [its] almost like a 'buy the rumor, sell the news' type of event," Versace said. 

Watch our full panel for additional insight from Versace, as well as Bob Lang, Real Money contributor and co-portfolio manager of Trifecta Stocks, and Jeff Marks, senior analyst of Jim Cramer's Action Alerts PLUS charitable portfolio on Pfizer and what the election of Joe Biden could mean for markets: 

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