Diamonds and Dogs

7/25/22

Good news, the CEO is fired. World Wrestling Entertainment (WWE) is up 8% near a three year high as long-standing CEO, Vince McMahon steps down amid alleged sexual harassment probe. The company did provide upbeat third-quarter sales outlook, received an upgrade and is up over 40% year to date.

Weber (WEBR) going the wrong way. Weber grills is down 15% as the CEO steps down, lower estimates, withdraws guidance and suspends dividend. The company also warned of possible layoffs. Other than that, they are doing well.

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