Diamonds and Dogs

6/8/22

Chinese related stocks are rebounding. Wynn Resorts (WYNN) home to the quarterback gold match last week is up 2% as China rolls back their countrywide COVID restrictions. Alibaba (BABA) is up 11% thanks to the reopening of China and easing regulatory pressures for gaming companies.

Scotts Miracle Gro (SMG) not growing. The lawn and garden care maker is down 10% after lowering guidance. U.S. consumer sales for 2022 are now expected to decline by 4% to 6%. Scott's Miracle-Gro Hawthorne cannabis grow products are expected to post a sales decline of 40% to 45% for the year. Commodity costs for the company are also rising. Other than that, the company is doing well.  

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