Investors and traders react to the vaccine stock market surge and say what to do next

Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020.

(This story is for CNBC Pro subscribers only).

Many top Wall Street strategists, investors and traders were bullish on the near-term future for the markets on Monday as news about Pfizer's potentially effective vaccine fueled a massive rally for stocks.

The stock market rocketed higher following an announcement from Pfizer that its vaccine candidate was more than 90% effective against Covid-19. Many of the stocks with the biggest gains were those most reliant on a reopened economy, like airlines and movie theaters, while popular stay-at-home plays slid.

Here's a wrap of what they are saying:

More In Pro Insight

CNBC ProCredit Suisse is bullish on Europe into 2022 — and names its favorite stocks
CNBC ProThese 5 Asia stocks are set to benefit from rising yields, UBS says
watch now
CNBC ProAmerican Express, Twitter, and Disney are some of today's top stocks making moves: Pro Market Movers Nov. 29