Diamonds and Dogs

4/26/24

Google (GOOG) is jumping 9%, its best day since July of 2015 as revenue grew 15% to $80.54 billion, its fastest growth rate since early 2022. Google/Alphabet said YouTube advertising revenue and Google Cloud revenue exceeded expectations. Google also initiated it first ever dividend and announced a $70 billion buyback.

Intel (INTC) is going the wrong way. Intel is down 11% today and down 35% for the year as the rest of the chip sector screams higher. Intel lowered second quarter forecast as demand softened as they build of their fabs ahead of the release of an AI chip. Management at Intel is bullish on the second half of the year and 2025, but right now the stock is going the wrong way.

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.