Diamonds and Dogs
JNJ (JNJ) inching closer to approval of their COVID-19 vaccine. JNJ is up 2% as the FDA released a lengthy analysis supporting their Covid-19 vaccine. Final approval may come soon. The downside is JNJ only has 4 million doses of their vaccine ready to go with another 20 million by the end of March.
Not hip to be Square (SQ). The digital payment company is down 7% after reporting earnings. The company easily beat as sales rose 139% to $3.03 billion. In a new trend, Square bought $170 million in Bitcoin which represents about 5% of Square's total cash position. Investors seem to be focused on subscription and services growth that slowed in the fourth quarter.
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