Diamonds and Dogs

11/10/22

Good day to report strong earnings. Yeti Holdings (YETI) is jumping 30% following strong earnings. Yeti beat expectations as sales rose 19.6% year/year to $433.6 million. The company reported in line earnings guidance but raise sales guidance as they do not see a slow down in sales. So far so good.

Altria (MO) lower by 3% as their $12.8 billion investment in the e-cigarette maker, Juul evaporates. Juul secured a cash bailout to stave off bankruptcy. Four years ago Juul which controlled 75% of the e-cigarette market was valued at $38 billion

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