Diamonds and Dogs
IBM (IBM) plans a spinoff. Big Blue is up 5% after announcing the spinoff of their $19 billion managed-infrastructure services business to focus on their growing cloud software and service businesses. The tech giant said it expects to complete the transaction via a tax-free spinoff to shareholders by the end of 2021.
Domino's Pizza (DPZ) falling like dominos. The pizza stock is down 6% to a one-month low after lowering International sales growth. US comps remain strong as COVID-19 has not affected pizza sales at least in our country. Domino's stock is still up over 30% for the year.
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