Diamonds and Dogs
Delta (DAL) trading higher following earnings. Delta is up 3% following better than expected earnings as revenues rose 138% year over year to $9.47 billion. Delta is still struggling with the pandemic as 8000 employees have tested positive for COVID over the last four weeks. Going forward, business should only improve. Delta received an upgrade with a $50 price target.
Profit-taking in Abbot Labs (ABT). The maker of the at-home-test for COVID-19 has performed well through the pandemic, but the stock is down a percent today and down 7% to start the year as many are predicting the Omicron variant has peaked at least in the Northeast. Having said that, the Biden administration has committed to buying a billion COVID-19 tests to distribute to schools and other areas.
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