Game off... DraftKings stock plunged 7% after it got downgraded by a Morgan Stanley analyst on Thursday. Last month, the sport betting company's stock plunged on COVID-related MLB game cancellations. That made investors realize how fragile the live events situation is. Now there's concern that the upcoming NFL season could be canceled if players test COVID-positive. Since DraftKings' main biz revolves around live sports betting, it's in a rough spot.
All I need in this life of sin... is me and my sweatpants. Nordstrom’s sales plunged 53% last quarter since you weren't going wedding and Bar Mitzvah shopping. Stores were shut for half the quarter, and Nordie posted a $255M loss (compared to a $141M profit last year). Nordstrom was forced to heavily discount unsold racks of clothes to make them more sellable. But the stock popped on upbeat statements from execs going into the holiday season.