$Pfizer(PFE)$ the biggest clue about Pfizer's upcoming quarter is today's $Merck(MRK)$ earnings
MRK saw a huge decline in its COVID related therapy. For PFE is probably going to be much greater since plaxovid was better than MRK Molnupiravir, but without hikes in covid cases, it is doubtful plaxovid will be bringing enough sales for a big surprise. I have PFE on watch for a possibility of long if there is a good decline towards $30-$36 post its earnings report. Then start to rebuild a position in it.
Their COVID bonanza brought them a ton of cash which it has used to buy firm after firm to replace the patent cliff of meds (a problem it had pre pandemic), but the firms it has bought are not likely to bring cash to the bottom line this quarter. The risky of this part is that Bourla may pumps the forecasts instead of the current quarter and market doesn't pay attention to the quarter that is being reported (priced in?) and instead focus on the future.
Still it is best to wait for the ER.
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