Diamonds and Dogs

11/9/20

Best Monday ever! The markets are up over 3% as Pfizer (PFE) announces a 90% effectiveness of thier COVID-19 vaccine. The CEO is calling this the most significant medical advance in the past 100 years. Pfizer is up 6% after jumping 20% on the open. The vaccine study should be completed by the end of this month as Pfizer believes they will have 50 million douses available by the end of the year and 1.3 billion douses available in 2021.

The stay at home stocks are taking a hit. Zoom Video Comm (ZM) is down 15% while Peloton (PTON) is down 19% as sales may crater next year with the COVID-19 vaccine coming on the market. Zoom is no longer valued at more than Exxon Mobil. Even with the sell off, Zoom is up four times your money since March while Peloton is up five times your money. Not bad.