Diamonds and Dogs
People may be sleeping better. Tempur Sealy (TPX) is up 4% to a four-month high as the company raised guidance due to significantly improved mattress sales particularly online. Tempur Sealy's e-commerce channel sales are up 125% so far this quarter. It looks like consumers are spending their stimulus checks and debit cards on new beds and mattresses.
Norwegian Cruise Line (NCLH) is down 7% as they suspend global cruise voyages out to September owing to the coronavirus pandemic. The extension of suspension includes all voyages for Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises embarking between Aug 1 and Sep 30. However, cancellations exclude September Seattle-based Alaska voyages.
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