Diamonds and Dogs

5/21/20

Boeing (BA) one of the few Dow components higher today. Boeing is up 4% to a one month high as the RBC's analyst says the stock has good risk reward for the long term. The Dow Jones Industrial Average has trailed the performance of the Nasdaq and the S&P 500 due in large part to its weighing in Boeing which is still down 60% from the February highs.

Best Buy (BBY) can't make much with curbside pickups. Best Buy is down 4% following earnings. The company did beat reduced expectations as online sales rocketed by 155% with curbside pickups, but overall sales revenue fell 6.3% to $8.56 billion with no traditional foot traffic in March. This quarter will be worst. Hopefully, Best Buy and other retailers can open sooner than later.