Diamonds and Dogs

10/21/24

Not all Dow components are lower. Boeing (BA) is up nearly 3% after the machinists union reaches a tentative agreement on Saturday to halt their strike. The union members will vote on Wednesday, the same day the company will report third quarter earnings. Boeing has already reported a large quarterly loss and plans to cut 10% of its workforce over the coming months, affecting roughly 17,000 employees. The stock is also at a ten year low.

Canadian Goose (GOOS) gets a downgrade, down 6% today and down over 50% over the last two years as the once highflyer for winter coats, fades. An analyst today sees less attractive risk/reward due to increase competitive, slower global demand and more price sensitive consumers.