I would not be surprised to see the name sell off in this weak tape after all of the post earnings hype wears off.
Go long or add to longs when prices make a new high for the move up.
I wouldn't be a buyer of Gilead on the coronavirus news, I'd be a buyer because the yield and chart look pretty darn good.
I would consider any entry a trade, and not an investment.
Any modest intraday dip is probably a buying opportunity.
Wait until we see a test of support or a breakout above (or failed test of) resistance before making a move.
The question is how far down and how long the selling lasts.
What I suspect is that the stock price of MS will likely trade in a relatively tight range.
Though very different companies, Nvidia and Netflix's 2018/2019 selloffs and subsequent rallies each carry lessons about maintaining a sense of perspective when bad news arrives.
As NVDA enjoys strong double-digit top-line and triple-digit bottom-line growth thanks to the huge ramp in data center revenue, there's a lot to like.