Covid-19 Pfizer/BioNTech Vaccine

[Philip]

Seems that Pfizer and BioNTech announced a Covid-19 vaccine that is over 90% effective, this could be good:
https://www.businesswire.com/news/home/ ... 005539/en/


In related news, the stock market is going crazy this morning because of it... All Energy, Transportation stocks are way up like 0ver 15%, Financials up 10%, Netflix/Zoom/work from home stocks are down.

[Easto]

Definitely keeping my fingers crossed for this vaccine. Regardless, that's the best News there's been in quite a while.

[MadDoctor]

Netflix/Zoom/work from home stocks are down.

MD is out in the field. Doing who know (and who wants to know) but I ask... Why would the work/school stocks be down?

MD does have a stock portfolio.......

[Easto]

Why would the work/school stocks be down?

MD does have a stock portfolio.......

Without kids and adults going to school or work online and using Zoom or other collaborative online software... those companies can't sell as much advertising or if they are a "paid for" service (somewhat like yours) people just don't need to use them as much. Any web based time killer kind of software will fall to the wayside once everyone's back in school or at work.

[Humboldt]

Without kids and adults going to school or work online and using Zoom or other collaborative online software... those companies can't sell as much advertising or if they are a "paid for" service (somewhat like yours) people just don't need to use them as much. Any web based time killer kind of software will fall to the wayside once everyone's back in school or at work.

Yep, what Easto said.

If this, or another, vaccine proves itself, online services that have soared will fall in value.

If not advertising revenue, just overall usage. I assume Netflix will see a drop from their recent highs if people feel comfortable and safe going back to work.

More folks physically back means fewer Zoom meetings.

[Philip]

Zoom stock went from under $100/share in the beginning of March to over $500/share in October because of the extensive usage, the need for online meetings, schools use it, etc. Those companies had much better earnings with the new stay at home economy, so their stocks just soared.
It is normal for them to correct down with news that people's lives may return to normal. Zoom seems to be in the ~$400 range now. https://finance.yahoo.com/quote/ZM?p=ZM
It will be a similar story with other stay/work/study from home stocks when people return to work/school, or so the market mood goes.

[MadDoctor]

if they are a "paid for" service (somewhat like yours).

I noticed that your credit card is about to expire. Would you like to update your account now or wait until 2:30 am when you usually logon?

[MadDoctor]

Zoom stock went from under $100/share in the beginning of March to over $500/share in October because of the extensive usage, the need for online meetings, schools use it, etc. Those companies had much better earnings with the new stay at home economy, so their stocks just soared.
It is normal for them to correct down with news that people's lives may return to normal. Zoom seems to be in the ~$400 range now. https://finance.yahoo.com/quote/ZM?p=ZM
It will be a similar story with other stay/work/study from home stocks when people return to work/school, or so the market mood goes.

Okay. That's what I thought. (side note): They say the downside of the Pfizer-BioNTech covid vaccine is akin to a very bad hangover. Ken knows all about hangovers.

[YARDofSTUF]

Sounding like this is a difficult vaccine to store and transport so that could be trouble, hopefully we get more options early 2021.

[MadDoctor]

Sounding like this is a difficult vaccine to store and transport so that could be trouble, hopefully we get more options early 2021.

Hot off the press: "Unlike Pfizer’s vaccine, Moderna’s shot can be stored at normal fridge temperatures. 94.5% effective."