Diamonds and Dogs

10/15/21

J.B. Hunt (JBHT) full speed ahead. The truck driving company is up 9% to new highs following strong earnings. Earnings jumped 59% while revenue climbed 27% to $3.14 billion. All business segments saw double-digit revenue growth. Impressive numbers as the price of oil rises to a multi year high and qualified drivers are hard to find.

Virgin Galactic (SPCE) losing the space race with Blue Origin. As Amazon billionaire Jeff Bezos, fired 90-year-old William Shatner into space on Wednesday, Virgin Galactic stock is down 15% after disclosing they will have to delay their commercial service for space travel until the fourth quarter of 2022. Virgin said that recent testing "flagged a possible reduction in the strength margins of certain materials used to modify specific joints" on its Unity space plane, which required further investigation.

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