Shares of Pfizer (PFE) initially rose slightly after markets reacted to the firm’s quarterly results. By the end of the day yesterday, PFE stock lost 1.39%.
Pfizer reported topline growth of $2.8 billion, up by around 32%. But product sales for treating Covid drove its strong performance. Paxlovid and the Comirnaty vaccine, co-developed with BioNTech (BNTX), is a concern. The sales wave for Covid may end after the flu season.
After rallying by over 220% in the last month, Trump Media (DJT) is defying naysayers.
Short sellers held a 17.54% short float against DJT stock. Instead of trading according to its weak business fundamentals, DJT stock trades according to the polls. Presidential candidate Donald Trump’s rising popularity sets DJT stock as a speculation for traders.
Bitcoin (BTC) topped almost $73,000 before settling at around $72,105. Traders may ride the BTC uptrend with Microstrategy (MSTR), Riot Platforms (RIOT), or the Bitcoin Trust ETF (GBTC). Alongside Bitcoin’s rise is that of gold prices. Gold powered to an all-time high of $2,784.
Investors may accumulate Barrick Gold (GOLD) while getting Newmont Mining (NEM) at a discount.
Bitcoin and gold are preferred trades for the near term. After the U.S. elections, prices of assets that are alternative to the U.S. dollar may fluctuate.
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