Diamonds and Dogs

7/20/22

Amazon (AMZN) is up 3% to a two month high following their best Prime Day week in history. Last week, Amazon members purchased 300 million items worldwide. Prime members in the US were buying more than 60,000 iteams per minute. The consumer stiil seems healthy as consumer discretionary stocks are perking up.

Biogen (BIIB) is pulling back in earnings. Biogen is down 4% even though they beat estimates. Sales did fall 6% to $2.59 billion. The company did raise estimates, but investors are not impressed.

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