Diamonds and Dogs

3/29/21

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).

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