Diamonds and Dogs


A good week for the airlines. United Airlines (UAL) is up 9% to a five-month high following earnings. UAL reported a loss, but expects to be profitable in the second quarter and full year as demand has rebounded strongly. Second quarter revenues could be the highest in history even with the high oil prices. Earlier in the week, the airlines received good news from a Florida court removing the mask mandate.

Carvana (CVNA) not in nirvana. The online used-car dealer fell 10% today and down 20% for the week following earnings. The company reported a larger than expected loss and plans to raise up to $1 billion more in capital blaming supply chain disruptions. Rival, AutoNation (AN) reported better than expected results this morning, but fell 3% not far from a 10 month low.

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