Diamonds and Dogs
Passengers coming back to the airlines. American Airlines (AAL) is up 25% following comments from the CEO saying the company is flying about 110,000 passengers a day, an increase of 71% over the 32,000 average daily passengers carried in April. American plans to fly 55% of its 2019 domestic schedule in July 2020. All the airlines are up along with Boeing up 5% today and up 27% for the week.
Stay-at-Home trades unwind. J.M. Smucker (SJM) is down 4% following earnings. The packaged-food company beat top- and bottom-line results, however guidance was mixed as many consumers have already stocked pantries during the COVID-19 pandemic.
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