Diamonds and Dogs


Casino stocks come back to life. Las Vegas Sands (LVS) is up 6% following better than expected earnings as revenue rose 124% to $2.12 billion. The reason for the strong results is due to a "robust recovery" in China's gaming hub, Macau as citizens are allowed to move around again following the COVID-19 shutdown.

Tough day for Tesla (TSLA) and Elon Musk. Tesla is down 8% after reporting earnings. Earnings were actually good as revenue rose 24.4% to $23.33 billion. But profit margins fell below 20% for the first time in three years as Tesla cut prices six times since the start of the year. Add insult to injury, Elon Musk's SpaceX Starship exploded today on its voyage test flight.

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