Diamonds and Dogs

9/24/24

Chinese stimulus package lifts Chinese stocks and casino stocks. Alibaba (BABA) is up 6%, JD.com is up 11% while Las Vegas Sands (LVS) is up 5% and Wynn Resorts (WYNN) is up 4% is the largest stimulus package since the COVID pandemic.

Biotech, Regeneron (REGN) is down 6% as their popular macular degeneration drug, Eylea will start to get competition from a eye drug from Amgen. Regeneron looked to block the new drug from the markets, but the courts recently rejected the request. Good for consumers.

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