Diamonds and Dogs
The new Covid variant is lifting Moderna (MRNA). Moderna is up 10% today and up 50% in the last three weeks as the new Covid variant should bolster demand for their vaccine and booster. President Biden held a press conference today to promote the boosters. Currently anyone 18 and older and had their vaccines before June now qualify and are available in 80,000 locations.
Disney (DIS) modestly lower as the Covid variant may hurt park and movie sales. The Thanksgiving box office was led by Disney's Encanto which earned $27M over the weekend and $40.3M for the extended holiday period. Overall, the Top-10 generated a holiday box office of $92.5M or 45% below 2019 levels, demonstrating that the box office still has a way to go. The good news is Disney+ now has over 100 million subscribers.
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