Diamonds and Dogs
Moderna (MRNA) reports record sales. Moderna is up 5% following earnings. The company actually lost money, but sales grew nearly 4000% to $570 million. The company is expected to generate 700 million doses of their COVID-19 vaccine this year with the potential of a billion doses by year end. Sales are expected to go from $800 million last year to $11 billion this year. Not bad.
Profit-taking in Best Buy (BBY). Best Buy is down 8% even though they easily beat expectations. Sales rose 11% to $16.94 billion. The company is also raising their dividend, but investors seemed focused on weaker than expected guidance.
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