Why Planet Fitness, Hertz, and Avis Shares Are Soaring by Double Digits Monday

Shares of Planet Fitness (NYSE: PLNT), Hertz Global Holdings (NYSE: HTZ), and Avis Budget Group (NASDAQ: CAR), three companies that would greatly benefit from a rebounding economy, were jumping over 10% Monday morning as a number of positive developments give investors hope. Powell also noted that the Fed could unleash new lending programs and adjust the pace of its asset purchases. The news that the Fed has more ammunition to offset COVID-19 impacts, and that Moderna is seeing promise in a vaccine, are huge developments for companies like Planet Fitness, Hertz, and Avis, which have been hit hard by social distancing and travel restrictions.