Diamonds and Dogs
Nike's (NKE) down on a stock split. Nike split its stock 2 for 1 today. Back in the 90s stock splits were all the rage, but since then you have stocks rising to the moon like Pricline, Google, Amazon, Chipotle Mexican Grill, and others. Nike is down 2% or down 7% from yesterday's all-time high. No news other than profit-taking. Nike has been one of the best Dow components up over 20% year to date even with the recent pullback.
The ying and yang of oil. 2015 will be one to forget for oil companies. Oil is down which typically means the airlines, are higher. Today's diamonds are Delta, United Airlines, Southwest, and American Airlines all up over 1%. United (UAL) is up 3%. If oil remains low in 2016, the airlines will save billions. Delta is projecting $3 billion in savings so far. The unseasonably warm weather on the east coast has also dramatically lowered delays and cancellations for the airlines saving a lot of headaches for passengers and airline workers.
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