Diamonds and Dogs

9/3/20

Another sign of life. Carnival Cruise (CCL) is up 6% as they plan to restart cruise operations in Italy this weekend. Carnival's Italy-based Costa Cruises is scheduled to have one of its vessels, Costa Deliziosa, depart on Sunday from Trieste, followed by other sailings this month out of Italy.

A bad day for tech. The Nasdaq 100 (QQQ) which was up 30% for the year is down 4% today led by Apple's (AAPL) 6% drop. Tesla (TSLA) is down 7% today and down 18% the last three days, but the dog goes to network hardware firm, Ciena (CIEN). Ciena is down 24% to a four month low after making cautious comments about the current quarter's fundamentals.

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