Diamonds and Dogs

10/22/21

American Express (AXP) sees an economic recovery. American Express is up 4% following strong earnings. The company said they see a resumption of social activities made possible by a rise in the number of fully-vaccinated people. Spending on travel and entertainment in the quarter more than doubled from last year, with restaurant spending growing above pre-pandemic levels

Intel (INTC) losing a little luster. Intel is down 10% following disappointing earnings. Intel is blaming slower PC sales and supple constraints. However, AMD and Nvidia have gained market share while Intel has fallen behind. Plus more and more companies like Apple are looking to make their own chips. AMD's market cap is catching up to Intel while Nvidia is worth more than two Intels.

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