BLI Ticker: November 10, 2020

vaccine

Finally, the world got some good news yesterday.

Wall Street was on a historical roar, as Pfizer Inc. (NYSE:PFE) drove the Dow Jones and world markets.

The NASDAQ did not fare as well, as investors ditched expensive technology stocks and bought up small-caps and cyclicals that are set to bounce from a post-pandemic economic recovery.

Markets are mixed this morning here and abroad as investors take a breather to evaluate where we stand. 

Pfizer’s vaccine needs final testing, and we’re still waiting on Congress for a stimulus bill all the while President-Elect Biden struggles with the Trump administration for access to the keys to the government.  And the coronavirus continues to sweep the nation with a record 10 million cases and 237,921 deaths.

Pre-Market Stock Movers November 10

Eli Lily & Co. (NYSE:LLY) was granted emergency-use authorization in the U.S. for an antibody therapy for the coronavirus.

Amazon.com Inc. (NASDAQ:AMZN)  faces an antitrust complaint from European Union regulators and it slipped in the pre-market.

The Boeing Co. (NYSE:BA)  rose 3.5% in pre-market trading.

In Other News…

  • Beyond Meat (NASDAQ:BYND) reported lower results for its third quarter. 
  • International Flavors & Fragrances Inc. (NYSE:IFF) reported weak third-quarter results.

The 10-year Treasury is approaching .95%, and both crude and gold were up.

The British pound was at a two-month high versus the U.S. dollar.

Recent Unusual Options Activity

These options trades making waves today:

  • Two investors placed identical trades worth $504,00 on  Exxon Mobil Corporation (NYSE:XOM) with a $30 call expiring on January 15, 2021.
  • Another investor placed a trade valued at $292,000 on Alphabet Inc. (NASDAQ:GOOG) with a $1760 call expiring on November 13, 2020.
  • And one more we’ll report placed a trade for $188,500 on DocuSign, Inc. (NASDAQ:DOCU) with a $220 call expiring on January 15, 2021.
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