Diamonds and Dogs
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.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.