Diamonds and Dogs

9/27/21

Oil stocks are gushing. Exxon Mobil (XOM) rose 3% on an upgrade as the price of oil rose for a fifth straight day as oil closes in on $80 a share. The analyst believes Exxon has 24% total return upside potential in the next 12 months.

Profit-taking in the vaccine stocks. BiNTech (BNTX) and Moderna (MRNA) both fell 5% as the CEO of Pfizer said over the weekend, that within a year he thought people be able to come back to normal life.  Both Moderna and BioNTech rely on the COVID-19 vaccine for a majority or all their sales. The Pfizer CEO did say the boosters could become an annual vaccine shot.

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