Diamonds and Dogs
We end the year as we started the year worrying about the COVID-19 virus. Pfizer ((PFE) is up 2% leading the S&P 500 higher as British regulators approved the use of Paxlovid, their Covid-19 antiviral pill for people over 18 with mild to moderate illness. Pfizer rose over 60% for the year.
Peloton (PTON) ends the year with a downgrade. One of the biggest beneficiaries from the COVID-19 pandemic, Peloton is down 2% today and down 75% for the year as investors look forward to the reopening of the economy and getting out of the house more. The analyst at JMP downgraded the stock due to concerns that the December quarter is not going well.
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