Diamonds and Dogs

4/23/21

BioNTech (BNTX) is up 3% to new highs as the European Commission is set to decide if they will buy another 1.8 billion Pfizer/BioNTech vaccines against the coronavirus which will include booster shots to increase immunity through 2023. A recent US poll shows 54% of people will not be willing to take JNJ vaccine even if regulators remove the pause on the vaccine.

Profit-taking in Dow components, Intel (INTC) and American Express (AXP). Intel is down 5% even though they beat expectations as sales fell 6.2% year over year. Intel issued downside guidance as they indicated the global chip shortage could last two years. American Express is down 3% even though they beat earnings expectations as sales fell 12%. American Express did see encouraging spending habits as consumers return to more normal spending habits.  

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