These cyclical stocks surging on the vaccine news have even more to go, according to Wall Street

Published Mon, Nov 9 20202:56 PM EST

(This story is for CNBC Pro subscribers only.) Stocks tied to an economic recovery are surging on Monday on hopes that a successful Covid-19 vaccine will get people out of the house, working and traveling again sooner. As to be expected, airlines and cruise lines are soaring; however, energy and financial stocks are among the biggest winners on Monday. The S & P 500 energy sector surged more than 12%, with financials popping more than 7% amid a jump in the 10-year Treasury note. Following news of a more than 90% effective Covid-19 vaccine from drugmakers Pfizer and BioNTech in a trial, the Dow Jones Industrial Average and S & P 500 notched all-time record highs. For investors wondering which pockets of the market are poised to rally further, CNBC Pro screened through the S & P 500 for reopening plays with the most upside to their 12-month price target even after Monday's major pop. CNBC weeded out the much-loved "stay-at-home" stocks for a strictly cyclical list. Take a look at the stocks here. CNBC's list is comprised of primarily energy stocks. The sector, pressured by lower oil prices, was punished by the Covid-19 and is still down nearly 50% this year. However, even after today's major rally, Wall Street still expects a handful of energy stocks to rally over the next 12 months, according to FactSet. Diamondback Energy is up nearly 25% on Monday, yet analysts see the stock rallying another 70% from here. EOG Resources , Pioneer Natural Resources and Apache are up about 15% a piece on Monday, yet Wall Street expects the trio of stocks to gain more than 40% from here. ConocoPhillips , Devon Energy , Concho Resources , Schlumberger , NRG Energy and Marathon Oil are also expected to gain about 30% over the next 12-months, according to Wall Street. Citigroup equity strategist Robert Buckland said he favors energy "where rising oil prices and break-evens (bond market inflation expectations) will help." U.S. oil prices rallied more than 8% to $42.60 per barrel on Monday. Financials are also represented on the list, another underperforming group from the economy fallout from the Covid-19 pandemic. Financials are down about 20% this year, but Wall Street sees certain stocks rallying over the next 12-months. Most notably, Wall Street expects Citigroup to gain about 32% over the next year, even after the bank's 11% gain on Monday. Last month , activist investing firm ValueAct called Citigroup "the world's best corporate bank." The hedge fund see's Citigroup's stock reaching $80 per share in the near-term and $150 per share in the long term. Wall Street also sees real-estate investment trust Apartment Investment & Management and home builder PulteGroup rallying over the next 12 months.

A trader works underneath a monitor displaying Citigroup Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on June 3, 2016.

Michael Nagle | Bloomberg | Getty Images

(This story is for CNBC Pro subscribers only.)

Stocks tied to an economic recovery are surging on Monday on hopes that a successful Covid-19 vaccine will get people out of the house, working and traveling again sooner.

As to be expected, airlines and cruise lines are soaring; however, energy and financial stocks are among the biggest winners on Monday. The S&P 500 energy sector surged more than 12%, with financials popping more than 7% amid a jump in the 10-year Treasury note.

Following news of a more than 90% effective Covid-19 vaccine from drugmakers Pfizer and BioNTech in a trial, the Dow Jones Industrial Average and S&P 500 notched all-time record highs.

For investors wondering which pockets of the market are poised to rally further, CNBC Pro screened through the S&P 500 for reopening plays with the most upside to their 12-month price target even after Monday's major pop. CNBC weeded out the much-loved "stay-at-home" stocks for a strictly cyclical list.

Take a look at the stocks here.