Hedgeye Healthcare | Vaccine Distribution Progress

03/03/21 12:39PM EST

Below is an excerpt from a complimentary research note by our Healthcare Team of Tom TobinWilliam McMahon, and Justin Venneri. We are pleased to announce our new Sector Pro Product Health Care Pro. Click HERE to learn more.

Hedgeye Healthcare | Vaccine Distribution Progress  - 11.09.2020 vaccine cartoon  2

We crossed 100MM doses of SARS-CoV-2 vaccine doses distributed as of the latest CDC update, and President Joe Biden said that we should expect to have enough vaccine doses for all adults by the end of May.

That's a pretty aggressive call, and we're not sure it needed to be made. Regardless, the partnership announced earlier in the day yesterday between Merck (MRK) and Johnson & Johnson (JNJ) to produce the JNJ vaccine is exciting news.

The single shot will certainly help accelerate the pace of vaccinations. Here's our updated target date tracker:

Hedgeye Healthcare | Vaccine Distribution Progress  - vcv

The ADP Employment data looks like it's about to head higher, even without a vaccine tailwind.

The employment and other macro data feed our forecast algorithms, which in concert with the MicroQuads help inform our research and opinions about stocks like $EYE, $JNJ, $HCA, and $USPH, to name a few. 

Hedgeye Healthcare | Vaccine Distribution Progress  - vcv2

© 2021 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.