Diamonds and Dogs
Chip demand remains strong for Applied Materials (AMAT). The chip equipment maker is up 5% to a new high following better than expected earnings. Sales rose 23% while Applied raised guidance stating that growth should be sustained in 2021.
Limited sports hurting DraftKings (DKNG). The online betting company is down 5% stuck in a trading range following earnings. The company saw a strong uptick in business once major league baseball started, but the company is only in nine states and continues to lose money. Lets hope the NFL season starts on time.
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