Diamonds and Dogs

6/15/21

Oil stocks continue to perform well. Exxon Mobil (XOM and Chevron (CVX) are up 2% as the price of oil climbs past the psychological $70 per barrel benchmark. The summer driving season kicked off in the U.S. over Memorial Day weekend as Covid-19 cases continue to go down and Europe opens back up for vacationing tourists.

Shorts going after DraftKings (DKNG). The online gambling stock is down 3% after opening down 11% after a known short seller saying a foreign subsidiary as opened the company to exposure to black-market gaming and money laundering. Credit Suisse has come out and defended the company and stock.

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