Diamonds and Dogs

June 24, 2024

The price of oil is up a percent today as tensions simmer in the Middle East. Oil and gas demand should rise heading into the fourth of July and the start of the summer driving season. Exxon (XOM) and Chevron (CVX) are both up over 2% today. Sector rotation... Read More

June 21, 2024

  Gilead Science (GILD) extended its gains up 3% after rallying over 5% yesterday following 100% efficacy results for its HIV treatment trial, claiming it's the first Phase 3 HIV prevention trial ever to show zero Infections. Even with the two day rally of over 8%, Gilead is... Read More

June 20, 2024

The lone AI chip stock higher today, Advanced Micro Devices (AMD) is up 3% thanks to an upgrade at Piper Sandler as its Top Pick for the second half of the year with accelerated growth prospects. Jabil (JBL) drops after earnings. The electronic device maker is down 9% even... Read More

June 18, 2024

Cedar Fair (FUN) is having a good day up 6% after announcing the merger date of July 1st with Six Flags. The combined company will operate under the name Six Flags Entertainment with the same ticker of "FUN." Six Flags will also issue a special dividend of $1.53... Read More

June 14, 2024

Adobe (ADBE) is jumping 14% following earnings that beat estimates while the outlook for the rest of the year remains strong.   A dog today is in the retail sector. Restoration Hardware (RH) is down over 15% after they missed estimates by 27  cents even as revenue was in line. Guidance... Read More

June 13, 2024

Tech continues to shine as Broadcom (AVGO) jumps 12% after releasing better than expected earnings report and outlook, and announcing a 10-for-1 stock split. Broadcom attributed the better than expected earnings due to AI products and strong demand. Broadcom's earnings helped lift Nvidia, Qualcomm and Micron. Dave and Busters (span... Read More

June 12, 2024

Oracle (ORCL) is the diamond today following earnings. The software giant is up to Oracle up 12% to a new high even as earnings and sales missed estimates. Sales actually only grew 3%, But going forward, the company did announce cloud deals with Google Cloud and Open AI. Energy is... Read More

June 11, 2024

About face for Apple (AAPL) as the stock jumps 6% to new highs one day after their development conference where they introduced new uses and functionality for AI with their products.  Apple was also upgraded at DA Davidson as they see AI product upgrades in the future. The analyst... Read More

June 10, 2024

Tech continues to lead.Crowdstrike (CRWD) is jumping 9% on news they will be added to the S&P 500. Nvidia (NVDA) is up a percent after a 10-1 split this morning. Broadcom (AVGO) is up 2 after receiving a positive view in Barron's over the weekend.... Read More

June 7, 2024

Defense stocks are performing well. Lockheed Martin (LMT) is up a percent near a 52 week high on news Germany is looking to buy eight more F-35 jets. Lockheed also secured a $1.9 billion contract for their HIMARS rocket systems a few weeks back. Not to be outdone,... Read More

June 6, 2024

  Lululemon (LULU ) stretches higher on better than expected earnings. Earnings beat by 14 cents sales rose 10% to $2.21 billion . Comparable sales increased 6%. Americas comparable sales were flat while International comparable sales increased 25%. Big Lots (BIG) still has big problems. The big box retailer fell... Read More

June 5, 2024

 Hewlett Packard Enterprises (HPE) jumps 10% on better than expected earnings and guidance as demand has improved for AI cloud enterprise business while also forecasting more AI products down the road. Sounds like another upgrade cycle for consumer products.  Dollar Tree (DLTR) drops 4% on lackluster earnings. The discount... Read More

June 4, 2024

Cruise lines are performing well. Royal Caribbean is up 2% to a new all time high while Carnival (CCL) is jumping 5% on positive comments from Barron's. Carnival is consolidating its Australia brands to increase guest capacity. Carnival has increased its capacity by almost 25% since 2019. Bath & Body... Read More

June 3, 2024

Spotify Technology (SPOT), the world's largest music streaming subscription giant is jumping 5% not far from a 52-week high after announcing plans to raise prices for premium plans. Good for shareholders, but bad for consumers. Students, premium prices will be unchanged at $5.99 a month. Chevron (CVX) and Exxon... Read More

May 31, 2024

Carl Ichan is feeling lucky. Caesars Entertainment (CZR) is up 11%, its best day in two years. as billionaire, Carl Ichan builds a sizable stake to turn around the struggling casino operator. Caesars is down over 20% for the year following lackluster earnings at the end of April Dell (span... Read More

May 30, 2024

  Foot Locker (FL) is a stand out diamond up 16% after surprising Wall Street with better than expected earnings and strong guidance for the summer months thanks to better than expected traffic of late.... Read More

May 28, 2024

Nvidia (NVDA) continues its powerful move up 6% today closing in on Apple for second largest market cap in the US. Microsoft is only 14% away. Nvidia earnings last week surged 461% year over year while revenue grew by 262%. Musk has raised $6 billion dollars and plans to... Read More

May 23, 2024

Chipmaker and artificial intelligence darling Nvidia is surging 8.5%, sending shares above $1,000, after posting stronger-than-expected fiscal first-quarter results and announcing a 10-for-1 stock split. Nvidia's fiscal second-quarter revenue guidance of about $28 billion also beat consensus forecast of $26.61 billion, a sign that business is not losing any  momentum.... Read More

May 21, 2024

Lam Research (LRCX) rises 2% on a 10-1 stock split and a $10 billion share buyback. The chip-equipment maker has benefited from AI fueled demand for chips. The plan is based on management's goal to return at least 75% of cash flow to shareholders in the form of dividend... Read More

May 20, 2024

Artificial intelligence names were in the spotlight this week. Nvidia rose 2% to start the week following a number of bullish analyst calls before earnings this Wednesday. Nvidia stock is up 90% for 2024 and is up 200% in the last 12 months. Nvidia's market cap is now the third-largest... Read More

May 17, 2024

Recent IPO, Reddit (RDDT) jumped 10% today after announcing a partnership with Microsoft-backed OpenAI to give them access to Reddit's Data API, letting the artificial intelligence startup learn from Reddit content in real time. OpenAI. The stock is up 50% in the last month since its 52. Meme... Read More

May 16, 2024

Shares of Walmart are surging 5% as the big-box retailer reported adjusted first-quarter earnings of 60 cents per share, topping expectations. Revenue rose to $161.5 billion, beating the $159.5 billion consensus estimate. Walmart said it made big gains in e-commerce and won over more high-income shoppers during the quarter.  were... Read More

May 14, 2024

Tesla (TSLA) is up 3% today after rally 2% yesterday as President Biden is creating new tariffs on Chinese imports that will raise duties on $18 billion in Chinese imports. The new duties on EVs from companies like BYD (BYDDY), Geely (GELYF), and NIO (span... Read More

May 13, 2024

Apple (AAPL) moving back toward its old high.  The stock is up 2% today and up 10% for the month following better than expected earnings two weeks ago. Today, Bernstein's analyst made positive comments on Apple's AI future while Apple is in talks with Google and ChatGPT to embed... Read More

May 10, 2024

Novavax (NVAX) jumps 100% on a much needed investment. The stock is jumping after a COVID-19 vaccine licensing deal with Sanofi where Sanofi will invest $1.2 billion in the struggling biotech to combine their drugs and resources to provide vaccines together going forward. Novavax stock is still down 97%... Read More

May 9, 2024

Warner Brothers Discovery (WBD) finally having an up day. The streaming giant is higher on earnings, improved cash flow , 2 million new subscribers,  a roll out to 25 more countries and expectations to bundle with Disney this summer to get even bigger.   Airbnb (ABNB) is down 7% following... Read More

May 8, 2024

Lyft (LYFT) gets a lift from earnings. The ride-sharing company rose 7% after beating estimates as sales rose 30.0% to $1.3 billion. Part of the improvement was from lower pricing to gain market share as cancellations were down 50% verse a year ago. Uber (UBER) going in the wrong... Read More

May 7, 2024

  Peloton (PTON) jumps on take over rumors. The exercise bike company that rode high during the pandemic has crashed back to earth over the last several years as people went back outside to work out. Today the stock jumped on private equity rumors to take it private which is... Read More

May 6, 2024

The chip stocks are performing well today. Micron (MU) is up 5% lifting the group on an upgrade at Robert W. Baird with a $150 price target with meaningful upside earnings and opportunities going forward. Nvidia and AMD are both up 2% or more. Apple (AAPL) is modestly lower... Read More

May 3, 2024

Amgen (AMGN) having a good day on earnings and clinical trials for their weight loss drug. The biotech is up 12%, one of its best days in years as they beat expectations, but the better news was they are moving injectable obesity drug into a phase 3 trial. One... 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.