Diamonds and Dogs

7/12/22

Boeing (BA) jumps on deliveries. Boeing is up 8% after delivering 51 airplanes in June to bring its first-half tally to 216 jets, up 38% from the same period last year, company data showed on Tuesday. June's deliveries exceeded the 50 threshold for the first time since March 2019 and included 43 Boeing 737 MAX, which is recovering from a nearly two-year safety crisis.

Gap (GPS) continues to struggle. The retailer is down 3% as their CEO steps down ahead of the crucial selling periods of back to school and the holidays. Executive chairman Bob Martin will assume the role as interim CEO. One analyst downgraded the stock saying the majority of their issues appear to be self-inflected and centered on Old Navy.

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