Diamonds and Dogs
6/5/20
Travel and leisure making a comeback. Much better than expected employment numbers from travel and leisure companies has the sector skyrocketing. Boeing (BA) is up 12% today and up nearly 40% this week. American Airlines (AAL) is up 11% today and up 80% this week. Wynn Resorts (WYNN) is up 8% today and up 20% for the week. Cedar Fair (FUN) is up 4% today and up 15% for the week. Not bad.
Slack Tech (WORK) not doing as well as Zoom. The stay at home cloud-based enterprise software company is down 13% following earnings. Slack beat estimates but reported a loss even as sales rose 40% to $201.65 million. Compared to Zoom which reported 200% sales growth, Slack may have been slacking during the quarter. Slack also has to prove they can fend off competitors like Microsoft.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.