Diamonds and Dogs
Sonos (SONO) sounds good. The wireless speaker stock is up 25% following strong earnings as consumer spending shifts toward at-home entertainment because of the pandemic. Sonos also raised guidance and announced a $50 million share buyback as their fiscal 2020 was the 15th year in a row we grew total households by at least 20%. Not bad.
Restaurants under the microscope again. Brinker International (EAT) the owner of Chilis is down 2% as New York City schools close and Mayor De Blasio says it is just a "matter of time" before indoor dining is closed in NYC." Here we go again.
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