Diamonds and Dogs

11/8/21

Airlines set for a surge in international travel as the borders reopen today. Delta is up 2.5% as they saw a 450% increase in international point-of-sale bookings over the last six weeks after 19 months of restrictions. Delta expects to end the year with roughly 75% of its business restored compared to 2019.

Peloton (PTON) continues its decline. The stock is down 11% today and down 40% in the last couple of days as sales decline sharply as Americans get off their stationary bikes and getting back into the world after a year of at-home workouts. Peloton also announced a hiring freeze to preserve costs.

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.