Diamonds and Dogs
Exxon Mobil (XOM) higher following earnings. Exxon is up 2% after suffering its first annual loss in decades as energy plunged. Exxon lost $22.4 billion as the company made drastic cuts to its workforce and investment plans. 2021 should be better as Exxon will focus on reducing pollution by using carbon emissions capture, a strategy the firm already makes wide use of in its own operations.
Profit-taking in Pfizer. Pfizer (PFE) is down 2% to a three-month low following earnings. Pfizer reported earnings of $2.55 billion as sales rose 11% to $11.68 billion. Pfizer also raised guidance and said they would generate $15 billion in full-year COVID vaccine sales. Frustrating stock.
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