Diamonds and Dogs
Moderna (MRNA) lifting the major averages. The biotech is up 5% after jumping 15% on the open to new highs thanks to positive results from its Phase 3 COVID-19 vaccine candidate. The vaccine efficacy came in at 94.5%, better than Pfizer's vaccine. Plus, Moderna's vaccine can be transported and stored for 30 days at a temperature of 36° to 46°F, much better than Pfizer's vaccine than needs to be stored at below zero temperatures.
Stay at home stocks taking a hit. Zoom Video (ZM) is lower by 4% to a two-month low as investors continue to rotate back into value stocks. Zoom Video is down $200 or 34% in the last month. A month ago, Zoom Video had a bigger market cap of Exxon Mobil, but now Exxon is 30% larger once again.
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