Most of the media continues to focus on the national response to the coronavirus.
I don't think it would be too much of a stretch to imagine that too many investors, or citizens for that matter, will mind seeing March 2020 head on out of here.
St. Louis Fed Pres. James Bullard sees unemployment possibly hitting 30%, while GDP could ultimately contract 50%.
Fujifilm Holdings has a promising drug that seems to work in improving the outcome for coronavirus patients in China and Japan, though Avigan is a treatment not a cure.
I am pretty well covered in my 'virus group'. I could definitely see bringing a few shares of REGN on board the next time the algorithms include that name in a broad selloff. Not before.
LLY is entering into a new partnership with AbCellera Biologics in an attempt to develop an antibody for Covid-19.
I've stayed primarily to those names that have plenty of cash on the balance sheet and should be just fine once saner heads prevail.
Right now, GILD holds a strictly defensive spot among my holdings.
Hot money will be attracted to stocks that show promise in dealing with the coronavirus.
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.