Diamonds and Dogs
11/23/20
Boeing (BA) acting much better. Boeing is up 4% as Delta Air Lines is considering buying the Boeing 737 Max for its fleet while the European safety regulators will likely lift the plane's grounding in January. Here in the US, the FAA has lifted their restrictions on the 737 Max. American Airlines is putting the 737 Max back on its flight schedule on Dec. 29th.
Profit-taking in the stay-at-home plays. Zoom Video Comm (ZM) is down 2% and down 27% in the last month as money comes out the COVID-19 stocks. The company is still the 73rd largest valued US company, bigger than Boeing for now. Even with the pullback, the stock trades for 40 times sales and 143 times earnings.
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