Diamonds and Dogs

4/23/24

Toilette tissue is back. Kimberly Clark (KMB) is up 5% following strong earnings and guidance. The maker of Huggies, Kleenex, Scott and Cottonelle saw strong volume growth. The company also raised guidance for the year. Kimberly Clark will devest some of their portfolio and continue to cost cut to boost earnings.

JetBlue (JBLU) taking a hit following earnings. The regional carrier is down 16% even as they beat expectations. The company cut guidance due in part to weakness in Latin America. Carl Icahn has acquired a 9.9% stake in the firm and has won two board seats looking to turn around the carrier.

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