Diamonds and Dogs

12/23/22

Chevron (CVX) and Exxon (XOM) are jumping 2% as the price of oil is up 3%. Russian Baltic oil exports could drop 20% as Europe imposes sanctions, Russian oil output could drop another 5% to 7% next year as the country responds to price caps. Back in the Us, more than 4,400 U.S. flights have been canceled over a two-day period due to the winter storm hitting the Northeast.

Bad weather not helping Canadian Goose (GOOS). The high-end winter coat maker is down 3% as investors get cautious about slowing sales. The company lowered guidance last month into their seasonally best month. $800 coats would be an easy this to cut out if consumer spending slows.

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