Diamonds and Dogs
Boeing (BA) getting more orders. Boeing is up 2% as Southwest Airlines agreed to buy 100 additional 737 MAX jets and added options for 155 more through 2029. Southwest is the world's largest operator of an all-Boeing fleet.
Investment banks Nomura (NMR) and Credit Suisse (CS) under pressure. The Investment banks are both down over 11% and on the hook for billions of dollars in losses as Archegos Capital Management hedge fund was forced to dump more shares of last weeks' dogs, ViacomCBS (VIAC) and Discovery Communications (DISCA).
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.