Novavax is, besides a big pharma stock and one of the main previous providers of COV!D vaccines, a cyclical stock.
It has been for 20 years, and I'm betting 2% of my portfolio it is going to be again.
Despite the latest earnings, we are in the midst of the early part of the global liquidity cycle, which doesn't mean up-only, but Novavax is likely to be only getting started right now... Who else is going to sell the stock at this price besides perma-bears?!