Diamonds and Dogs
AeroVironment (AVAV) jumps 22% following blowout earnings. The maker of the Switchblade suicide drones has seen strong demand and great success in the Ukraine war. One analyst upgraded the stock seeing a strong backlog and a new Army contract on the way and other countries reassess requirements for future defense of their borders.
Defensive stocks not so defensive. Pfizer (PFE), Bristol Myers (BMY) both made 52 week lows today. FDA is looking to approve a new booster for Pfizer to fire the new COVID-19 strain. - Moderna on Wednesday said clinical trial data showed its updated COVID-19 vaccine will likely be effective against the highly-mutated new COVID-19 subvariant.
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