Diamonds and Dogs

12/5/24

Airlines are breaking out. Southwest rose as much as 4% to new highs as all the major carriers performed well as Southwest provided upside guidance for the rest of the quarter while also adding a $750 million share buyback. The Sunday after Thanksgiving, over 3 million passengers went through TSA checkpoints, a new record. Bodes well for the remaining holiday season.

In the retail space, American Eagle (AEO) dropped 14% on earnings. American Eagle missed earnings estimates and missed guidance for the fourth quarter. American Eagle expects the holiday season to be strong followed by a weak January.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.