Diamonds and Dogs
4/7/21
Carnival (CCL) jumping on optimism of getting back on the open seas. Carnival is up 6% even though the company reported a $2 billion quarterly loss this morning. The optimism in the stock is attributed to comments from the CDC saying that US cruises could resume by mid-summer with restrictions.
GEO Group (GEO) lower after suspending their divided. U.S. private prison company said it would suspend quarterly dividend payment to repay debt and fund growth as it faces pressures under limits on the sector from President Joe Biden. Earlier this year, Biden signed an executive order to roll back the U.S. government's use of private prisons, a part of what he called an initiative to tackle systemic racism.
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