This is the second day in a row where there is a single outlier winner in the S&P 500. Is that normal? Yesterday it was Moderna, today it is $ILMN
, up about 17%.
Illumina is up big today because Barclays at long last relented on its pessimism, removed its sell rating, and upgraded the shares to equalweight. Also, there was rumors that Illumina is going to try and get into long-read sequencing, like PacBio (Illumina currently specializes in short read sequencing)