Diamonds and Dogs
United Continental (UAL) is flying higher. The airliner is up nearly 4% making a new 52 week high following an upgrade at Merrill Lynch. The company also ratified a joint collective bargaining agreement with their company's technicians, represented by the International Brotherhood of Teamsters. If only oil would go back down, then the stock would really be off to the races.
Barnes & Noble Education (BNED) may need to go back to school. The college bookstore spin off from Barnes & Noble is down 14% following disappointing earnings. A huge portion of its overall revenue comes in during the back-to-school quarter, and coming into Tuesday's fiscal second-quarter financial report, B&N Education revealed a slight decline in adjusted earnings, along with slightly weaker sales. Looks like it's back to the drawing board.
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