Diamonds and Dogs
Jeans are selling. Levi Strauss (LEVI) is up 9% following strong earnings. Sales surged 41% year over year while earnings grew more than 570% from the lows of the pandemic. The company also issued a $200 million share repurchase program.
Kellogg's (K) taking a hit as the workers strike for a second day over wages and benefits. During the pandemic production workers at Kellogg had been putting in 12-hour shifts, seven days a week to keep up production during the pandemic despite limited staff.
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