Diamonds and Dogs
Bristol Myers (BMY) gets positive news on their lung cancer drug. The stock is up 3% to a three-month high after their cancer drug demonstrated a significant improvement in overall survival (OS) in patients with a rare but aggressive form of cancer that attacks the lining of the lungs frequently caused by asbestos exposure.
Ninety-degree heat not good for coat sales. Canadian Goose (GOOS) known for its expensive red parkas worn by everyone from Arctic scientists to Hollywood celebrities is down 6% stuck in a trading range for the last three months. Sales are down 63% year over year even as the company reopens stores. Canadian Goose is hoping the second quarter is a "low point" for its business. What the company needs to colder weather without a relapse of the coronavirus.
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