Diamonds and Dogs

1/27/21

AMC Entertainment (AMC) and GameStop (GME) are skyrocketing up 200% and 130% respectively as two heavily shorted stocks are getting a lot of attention by traders and hedge fund managers pushing the stocks. This typically doesn't end well.

Boeing (BA) taking a hit. Boeing is down 3%, but off the lows following a record loss due to write offs and charges. Management expects demand for the widebody aircraft 777X to take longer than expected, but the with the vaccine being rolled out, Boeing and the airliners are optimistic brighter skies are coming later this year.

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