Diamonds and Dogs
Travel and leisure making a comeback. Much better than expected employment numbers from travel and leisure companies has the sector skyrocketing. Boeing (BA) is up 12% today and up nearly 40% this week. American Airlines (AAL) is up 11% today and up 80% this week. Wynn Resorts (WYNN) is up 8% today and up 20% for the week. Cedar Fair (FUN) is up 4% today and up 15% for the week. Not bad.
Slack Tech (WORK) not doing as well as Zoom. The stay at home cloud-based enterprise software company is down 13% following earnings. Slack beat estimates but reported a loss even as sales rose 40% to $201.65 million. Compared to Zoom which reported 200% sales growth, Slack may have been slacking during the quarter. Slack also has to prove they can fend off competitors like Microsoft.
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