Diamonds and Dogs

November 27, 2020

Moderna (MRNA) is jumping 18% after signing a supply agreement with the European Commission for 80 million doses of its coronavirus vaccine candidate, mRNA-1273. The company has been in advanced discussions for this deal with the European Commission since August. Moderna expects to start delivery of the vaccine, if... Read More

November 25, 2020

Slack Technologies (WORK) is no slacker. The cloud software stock is up 35% on rumors Dow component, has been in talks to buy the firm. An acquisition of Slack would be the largest by San Francisco-based Salesforce since its $15.7 billion buy of Tableau Software in 2019. Read More

November 24, 2020

The banks are back. Wells Fargo (WFC) is up 9% to a five-month high on an upgrade at Raymond James. The banking sector is up over 20% in the last three weeks. The rotation continues.

Profit-taking in Best Buy (BBY). Consumer electronics retailer is down 5% following earnings. The...

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November 23, 2020

Boeing (BA) acting much better. Boeing is up 4% as Delta Air Lines is considering buying the Boeing 737 Max for its fleet while the European safety regulators will likely lift the plane's grounding in January. Here in the US, the FAA has lifted their restrictions on the 737... Read More

November 20, 2020

Pfizer (PFE) and BioNTech (BNTX) filed with the FDA today for emergency authorization for its Covid-19 vaccine. The stocks are up 1.5% and 9% respectively. The two companies are hoping to rapidly roll out their COVID-19 vaccine next month to all parts of the globe. Pfizer says... Read More

November 19, 2020

Sonos (SONO) sounds good. The wireless speaker stock is up 25% following strong earnings as consumer spending shifts toward at-home entertainment because of the pandemic. Sonos also raised guidance and announced a $50 million share buyback as their fiscal 2020 was the 15th year in a row we grew... Read More

November 18, 2020

Target (TGT) trading at all-time highs. The big box retailer is up 5% to new all-time highs following blow out earnings and sales up 23.3% to $22.34 billion. The size and layout of Target stores has made it easier for skittish consumers to shop with ease amidst virus-related concerns.... Read More

November 17, 2020

Tesla (TSLA) getting added to the S&P 500. Tesla is up 7% to a two month high after news the S&P 500 will add it to its index on Dec. 21st. With five consecutive quarters of profitability behind it and now the 10th largest US company by market cap,... Read More

November 16, 2020

Moderna (MRNA) lifting the major averages. The biotech is up 5% after jumping 15% on the open to new highs thanks to positive results from its Phase 3 COVID-19 vaccine candidate. The vaccine efficacy came in at 94.5%, better than Pfizer's vaccine. Plus, Moderna's vaccine can be transported and... Read More

November 13, 2020

Cisco Systems (CSCO) leading the techs higher. The router and switch stock is up 6% following earnings. Cisco beat by 6 cents even as sales fell 6% to $11.93 billion. The CEO Chuck Robbins described the numbers as a, "Solid start to fiscal 2021 with signs of improvement... Read More

November 12, 2020

Fossil Group (FOSL) is having a good day. The watch and apparel maker is jumping 25% following strong earnings. Fossil earned 31 cents a share after reporting a loss of 51 cents in the same quarter a year ago. Sales fell 19% to $435 million but were projected to... Read More

November 11, 2020

FuboTV (FUBO) scores. The "skinny-bundle" virtual cable service heavy on sports channels is up 23% following better than expected earnings. FuboTV is losing money but did see acceleration in subscriber growth. The company also raised guidance thanks to a growing sports calendar, busy news cycle and the secular decline... Read More

November 10, 2020

Eli Lilly (LLY) jumps on approval of COVID-19 antibody treatment for emergency use. Lilly is up 4% after the FDA approves their monoclonal antibody treatment for mild to moderate forms of the coronavirus. President Donald Trump received a similar experimental antibody drug from Regeneron Pharmaceuticals. Beyond Meat (BYND)... Read More

November 9, 2020

Best Monday ever! The markets are up over 3% as Pfizer (PFE) announces a 90% effectiveness of thier COVID-19 vaccine. The CEO is calling this the most significant medical advance in the past 100 years. Read More

November 6, 2020

CVS Health (CVS) looking healthier. The drugstore and health insurance giant is up 7% to a three month high following better than expected earnings and raised guidance. A surge in coronavirus testing along with a rebound in insurance and retail business led to the better numbers. CVS... Read More

November 5, 2020

Plenty of diamonds once again thanks to earnings. GM (GM) is up 5% following strong earnings. Chipmaker, Qualcomm (QCOM) is up 13% to new highs following strong earnings as sales rose 35%. Industrial, Parker-Hannifin (PH) is up 9% following earnings. Even an energy/utility company, Dominion Energy (D) is up... Read More

November 4, 2020

Uber (UBER) and Lyft (LYFT) getting a lift from the elections. Both stocks are up 11% following news that California voted to exempt gig-economy companies from classifying contractors as employees, saving the companies millions of dollars in added costs.  Caterpillar (CAT) taking a hit. Caterpillar is down 6%... Read More

November 3, 2020

Bristol Myers Squibb (BMY) gets positive drug data. Bristol is up 3.5% after experimental plaque psoriasis oral drug proved more effective in clearing moderate to severe cases of the skin condition than placebo or Amgen Inc's Otezla in a late-stage study. The skin condition affects 7.5 million Americans and... Read More

November 2, 2020

Clorox (CLX) shining brightly. The maker of disinfectants, Glad bags and Kingsford and Match Light is up 4% following strong earnings as sales rose 27%, the best quarterly sales growth in more than two decades. Clorox has been running factories around the clock using more third-party suppliers and even... Read More

October 30, 2020

Google/Alphabet (GOOG) bucking the trend. The search engine is up 4% following strong earnings. Google beat earnings estimates by 45% as sales rose 14% to $46.17 billion ahead of estimates of $42.84 billion. It was a record sales quarter as Google saw strong demand for their cloud services along... Read More

October 29, 2020

Pinterest (PINS) makes money. The image-discovery platform is jumping 30% following better than expected earnings as sales rose 58% to $442.62 million verse estimates of $386.29 million. Revenue growth was driven by a rebound in global advertising spending from last quarter's pandemic-driven downturn, plus an increase in the number... Read More

October 28, 2020

General Electric (GE) and Ford (F) both rose 4% following better than expected earnings thanks in part to cost cuts. Both executives are promoting their turnaround plans for the better results.  Read More

October 27, 2020

Harley-Davidson (HOG) had a good summer. The 117-year-old motorcycle company is up 22% to an 8-month high following strong earnings. Dealer inventory fell more than 30% compared with a year ago while asking price for the 2020 model-year motorcycles remained firm as customers wanted to ride the open road. Eli... Read More

October 26, 2020

Dunkin' Brands (DNKN) may go private. The coffee stock is up 15% to new highs after confirming they are in talks to be acquired by Inspire Brands for roughly $9 billion. The private equity group already owns restaurant chains Arby's, Buffalo Wild Wings and Jimmy John's.  Read More

October 23, 2020

A big day for Gilead Sciences (GILD). The biotech is up 4% after confirming its remdesivir treatment for COVID-19 was approved by the FDA. The antiviral drug already had FDA emergency authorization to be used including on the President of the United States. Gilead also announced the... Read More

October 22, 2020

AT&T (T) having a good day. AT&T is up 5% following better-than-expected earnings. The pandemic has hurt Warner Media with closed movie theaters, disrupted television production, and delayed sports events. However, AT&T has done well to add new wireless subscribers along with HBO and HBO Max streaming service... Read More

October 21, 2020

Oh Snap! Snap (SNAP) is up 27% to new highs following better than expected earnings. The instant messaging app maker posted a surprise third quarter profit on surging user and revenue growth. Snapchat saw a 18% in new members while the July boycott of Facebook boosted advertising sales by... Read More

October 20, 2020

Justin Bieber helping out Croc's (CROX). Croc's is up 5% to new highs on an upgrade with a $60 price target. The analyst believes there is potential upside coming due to an uptick in Classic clogs halo demand from the Justin Bieber collaboration. One step forward, one step back. span... Read More

October 19, 2020

Cree (CREE) has a bright idea. The LED and chip company is selling their LED Products business to SMART Global Holdings for $300 million. The transaction represents another key milestone in Cree's transformation to create a pure-play global semiconductor powerhouse. Wall Street seems to agree. The... Read More

October 16, 2020

  Industrials acting well. Caterpillar (CAT) is up 3% on an upgrade. The analyst expects outlook and earnings to substantially improve beginning in 2021 due to anticipated growth from global reacceleration. The analyst has a price target of $220 a share or 30% upside from current levels. Transports taking a hit... Read More

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.