Diamonds and Dogs
Coca-Cola (KO) benefits from the reopening of the economy. Coke is up 2% not far from a yar high thanks to better-than-expected earnings as sales surged 16% to $10.04 billion in the quarter. The better-than-expected numbers were due to the reopening of public venues such as theaters, stadiums and restaurants across the world led to a rebound in demand for its soft drinks.
Twitter (TWTR) taking a hit. Twitter is down 7% to a five-month low following earnings. Twitter reported a loss even as revenues rose 37% to $1.28 billion. Twitter is facing more competition from rival apps like TikTok for people's time. The social networking site has been working to add new features such as audio chat rooms to attract users while also rolling out improvements to its advertising capabilities to reach its goal of doubling annual revenue by 2023. The company said it saw a "modest" impact to ad revenue from privacy changes that Apple Inc rolled out on iOS devices.
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