I’d check out the Rolls-Royce share price as the FTSE 100 surges on Pfizer vaccine hopes

first_img “This Stock Could Be Like Buying Amazon in 1997” Harvey Jones | Tuesday, 10th November, 2020 | More on: RR Image source: Getty Images. Enter Your Email Address I’d check out the Rolls-Royce share price as the FTSE 100 surges on Pfizer vaccine hopes I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. 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The FTSE 100 aircraft engine maker has been hit hard by the flying ban, as it makes its money from servicing contracts, based on miles flown.The Rolls-Royce share price crashed from 229p at the start of the year to just 40p in early October, but has now taken off. Today, it trades at 114p. The question is, where does it go next?Shares in Rolls-Royce continue to climb today, up another 14.15% this morning. The implications of a successful vaccine are sinking in, and investors are hunting for ways to play the post-Covid recovery pencilled in for next year.As always, investors are buying the future. Today saw horrible news on redundancies, which hit a record high of 314,000 in the three months to September, while unemployment rose from 4.1% to 4.8%. They’re looking beyond that dismal tally, towards a brighter 2021.I’d buy into the Rolls-Royce share price recoveryWhen the vaccine starts rolling out, and life returns to normal (or something like it), the airline industry will be a prime beneficiary. We saw how people rushed to book holidays during the summer. If so, the Rolls-Royce share price could have further to fly.There are dangers, of course. This vaccine had better live up to its early results. Also, I’m wary of chasing a share price just after it’s jumped like Rolls-Royce just has. This week’s surge has partly been driven by short sellers covering their positions. It may fall back as others bank profits.Rolls-Royce share price performance may also depend on the fate of the ‘Biden Bounce’, and whether his administration prioritises a UK trade. Chief executive Warren East previously warned of the impact of Brexit disruption, and the group has faced problems with its Trent 1000 engine.I would buy Rolls-Royce for the long-term share price and dividend growth. I wouldn’t buy it to make a quick profit, that moment has passed. The future will remain bumpy. Even if the vaccine lives up to expectations, there’ll be plenty of economic after-shocks. Rolls-Royce remains a great British company though, and one I want to hold. See all posts by Harvey Joneslast_img read more