Diamonds and Dogs
Ford Motor (F) higher on an upgrade. Ford is up 3% near the highs for the year as the Credit Suisse analyst raised his price target to $20 a share. The transition to an EV/digital world has sharply accelerated which should improve Ford's financial outlook.
Novavax (NVAX) taking a hit on production problems for their Covid-19 vaccine. The stock is down 10% as a journalist at Politico said the company is struggling to purify its shot enough to suit the FDA. The agency requires a Covid vaccine to be 90% pure and Novavax's shot hovers around 70% pure right now. Novavax is expected to produce 150 million doses of their vaccine per month in the fourth quarter.
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