Diamonds and Dogs
IMAX (IMAX) expecting a big second half of the year. Imax is up 15% to new highs following earnings. Earnings were actually lackluster as the company lost money as sales fell 54% to $55.99 million. The good news is the company has more cash than debt and demand is already coming back in Asia. There is also plenty of pent-up demand and a plethora of blockbuster movies set to come out in the next year.
Virgin Galactic (SPCE) keeps sinking. The space travel stock is down 10% today and down 54% in the last month as the chairman sold his personal stake in the firm, but still holds 6% stake through is investment firm. He could've sold a lot higher a few weeks ago.
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