Diamonds and Dogs
Eli Lilly (LLY) jumps on approval of COVID-19 antibody treatment for emergency use. Lilly is up 4% after the FDA approves their monoclonal antibody treatment for mild to moderate forms of the coronavirus. President Donald Trump received a similar experimental antibody drug from Regeneron Pharmaceuticals.
Beyond Meat (BYND) beyond profits. The stock is down 18% following a busy 24 hours including disappointing earnings. Beyond Meat lost $19 million as sales only rose 2.7% as the company blamed the pandemic on a lack of business. Beyond Meat also announced a new deal with Pizza Hut for plant-based sausage while Beyond Meat is also collaborating with McDonald's on meatless products, but couldn't specify if McDonalds would go it alone going forward.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.