Todd ShriberInvestorPlace Contributor
Join Louis Navellier’s Market 360 — FREE!
Get Louis Navellier’s take on the news and events impacting the market, plus advice on the best stocks to buy & sell now.
CODX stock could continue delivering upside if its novel coronavirus test kit proves accurate and vaccines take awhile to come to market.
What's potentially tricky about this stock from here is that its recent price action suggests a couple things that don't come with guarantees of materializing. First, a 56% rally for a company of this size in just over two months implies that many of the roughly 40 million jobs shed by the U.S. economy during the pandemic will be rapidly restored. Second, the stock is acting as though consumer spending habits aren't changing as a result of Covid-19.