Diamonds and Dogs

9/20/22

Wynn Resorts (WYNN) is higher by 5% as China reportedly signaled support for Hong Kong's plan to ease Covid restrictions. Hong Kong's chief executive John Lee said he wants to create "maximum room" for the region to reconnect with the world, with reports suggesting its strict hotel quarantine policy for travelers could be among the first to go. Macau is the world's largest gambling hub.

Ford Motor (F) is down 10% as the automaker preannounced a bigger-than-expected $1 billion hit from inflation and pushed delivery of some vehicles to the fourth quarter due to parts shortages. Ford also said on Monday it will have 40,000 to 45,000 vehicles in inventory lacking parts. The company in July had outlined a $3 billion hit for the year from inflationary pressures.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.