Diamonds and Dogs
Streaming is working. Disney (DIS) is up 2% after their movie, "Black Widow" captured $80 million in its first weekend, the biggest opening weekend since the pandemic. Even better news for Disney was $60 million of the $80 domestic box office was generated on their Disney+ streaming platform. Not the best news for the movie theater industry.
Good news, bad news for Virgin Galactic (SPCE). Billionaire and founder, Richard Branson took his first flight to the edge of outer space, beating rival and Blue Origin founder Jeff Bezos to space. However, the stock is down by 10% as the company still has no revenue and may need to sell up to $500 million in stock to keep operations going.
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.