Diamonds and Dogs

2/25/20

Biotech, Moderna (MRNA) is up 27% to new highs as the company ships vials of its experimental coronavirus vaccine to the National Institutes of Health for human trials. The news came amid heightening global worry over the spread of the coronavirus known as Covid-19, which emerged in the Hubei province of China and has spread globally. There were 80,289 confirmed cases of the disease around the world as of Tuesday morning, according to an online tracker developed by Johns Hopkins University. The Centers for Disease Control's is warning that the risk of the virus spreading domestically is on the rise.

Mastercard (MA) lowers guidance due to the coronavirus. Mastercard is down 7% to a two-month low after preannouncing quarterly results due to customers traveling and spending less due to the coronavirus. The company is also announcing the CEO will step down at the end of the year and will be replaced by the chief product officer. Expect more preannouncements to come.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.