Diamonds and Dogs

1/14/22

Winner, winner, chicken dinner. The casino stocks with exposure to Macau like Wynn Resorts (WYNN) are trading higher. Wynn is up 5% as China will renew their license in Macau without any further regulation or restrictions. Back in September, the Macau casino stocks sold off sharply after the Macau government launched an in-depth review of casino operations.

Boston Bear (SAM) goes flat. Boston Beer, the owner of Sam Adams is down 11% today down over 60% from last years' highs as consumer demand shifts and costs continue to rise. Boston Beer is having problems with demand and supply chain issues with their alcohol seltzer called Truly.  Boston Beer now says the company may lose money this year.

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