Diamonds and Dogs
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.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.