Diamonds and Dogs

7/22/20

Reopening has been good to Best Buy (BBY). The electronics retailer is jumping 9% after updating guidance. The company now expects sales to rise 2.5% year over year thanks to reopening of their stores. International sales are even better up 8%.

Ooh Snap (SNAP). The messaging app company is down 7% following a quarterly loss, but in line with estimates. Sales rose 17% to $454 million. The company, however, was cautious about business and expects ad revenue to slump for the rest of the quarter as companies move away from Facebook and others.

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