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Market Summary:
The major indices are all trading higher, as yesterday's strong rally continued today, with more sectors joining the party. The "stabilization" among the most-shorted issues helped stabilize the broader market, as the hyped stocks like GameStop (GME, -46%) and AMC (AMC, -37%) remained under severe selling pressure and silver also gave back its gains from yesterday as the trading frenzy fizzled out.
Pfizer (PFE, -2.8%), Exxon (XOM, +4.3%), and UPS (UPS, +1.8%) provided a mixed bag of earnings this morning, with the drug manufacturer notably missing on its bottom line, pushing its shares to a fresh three-month low.
Stock Pick Summary:
With our portfolio significantly crushing the market, and our recent killer picks LMND and FUBO flying past 80% profits, we continue to take more risks and diversify our portfolio across the Biotechnology segment.
While the company is primarily seen as COVID vaccine play, we believe there may be lot to more to it beyond it. It has developed a unique technology that allows it to instruct cells to manufacture any type of protein, which can be utilized to revolutionize healthcare in many ways. The cash generated from the COVID vaccines will enable to company to broaden its pipeline in the long run.
Some analysts have expressed valuation concerns, but we believe the company could still grow its earnings north of 18% annually. The stock price may remain volatile and even see sharp pull downs in the short term, but we see an opportunity that is worth the risk, and could play out well over the next 5 years.
Risk Meter:
Allocation Guidelines:
We don't recommend over investing in any stock. Consider starting with a small amount, say 2-3% of your portfolio's overall value, and add a little at a time.
You could invest as low as $200-$500 on a pick, and even buy just 1 or 2 shares, if you are new to investing, low on cash or just prefer going slow.
For best results, have an intention to hold your position for at least 2 - 3 years in general. However, you can always lock profits sooner if you prefer as every investor has a unique portfolio and different goals.
Consider investing in our multiple stock picks (the more the better).
The most successful members look to mirror our portfolio as much as possible.
Besides the new stock pick, you may also consider diversifying amongst some of the earlier picks from our market crushing portfolio.
Be patient and don't allow daily market swings to unnerve you. Remember, we have a pristine track record over last 10 years, so Buzz with confidence and patience.
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