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Monday, May 3, 2021 by Robinhood Snacks | Disclosures

Checking in (all at once)... It's hotel week, with Hilton, Hyatt, Booking, Expedia, Tripadvisor, Starwood, and Wynn Resorts all dropping earnings (now breathe). A pandemic isn't the best time to sip mojitos poolside, but we have seen "revenge spending." Flight and restaurant sales surged in March, and TSA numbers are notching pandemic highs. But global Covid cases are still soaring, and earnings are expected to be lower than a year ago.

Coming in mRN-ASAP... Moderna and Pfizer earnings. Unlike J&J, the two mRNA vaccine makers didn't pledge to pass up vax profits (which could be big). Pfizer projects $15B in Covid vax sales for 2021, and Moderna forecasts $18B+. Vax sales will likely make a bigger difference for Moderna than for pharma giant Pfizer. Moderna has never made a profit, and the Covid vax is its first product. Pfizer stock is up 5% since January last year. Moderna is up 850%.