Diamonds and Dogs

5/25/22

From Dog to Diamond intraday. Dicks Sporting Goods (DKS) is up 8% after originally dropping 15% following earnings and lower guidance. The largest sporting goods retailer beat estimates, but then guided lower for the full year. Even with the reduced guidance, the stock is trades for only 8 times earnings, bringing valuations down to bargain levels for many apparel stocks.

Moderna (MRNA) throwing away 30 million doses of their COVID-19 vaccine. The stock is down 3% as the company has a short-term demand problem. Moderna worked through the embassies in Washington to find countries that wanted their vaccine, but there were no takers. Part of the problem is in many countries, people don't want to take the vaccines.

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