Diamonds and Dogs

6/8/20

Retail coming back. The arts and crafts retailer, Michaels (MIK) is up 30% on an upgrade. JP Morgan upgraded the stock with a $13 price target as the analyst believes the reopening of the economy has created a value opportunity as Michaels reopens a 1,000 of its 1,273 stores.

Profit-taking in the stay at home plays. Netflix (NFLX) is down 2% as the reopening of the economy may see increased cancellations of Netflix accounts. The new Netflix original content release, "Space Force" has received mixed reviews and limited viewing.

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