Diamonds and Dogs
Virgin Galactic (SPCE) trades at a new high. The world's first commercial space line company is up 5% to new highs after coming public last year. The company announced the completion of their second commercial spaceship, put together much faster their first spaceship which is currently in flight tests. The CEO said they now have two spaceships that are structurally complete, with a third making good progress. These spaceships are destined to provide thousands of private astronauts with a truly transformative experience by performing regular trips to space.
A new year, but the same sad story. Retailer, Kohls (KSS) is down 7% after reporting disappointing holiday sales and receiving a downgrade at Bank of America/Merrill Lynch. Bed Bath & Beyond (BBBY) is down 17% following disappointing earnings as sales fell 9% to $2.76 billion. One analyst called their fundamentals, a nightmare.