Check the background of this firm on FINRA's BrokerCheck.
112 Albany Street, Cazenovia, NY 13035 (315) 655-2964 Toll Free: 1-800-659-8044
Check the background of this firm on FINRA's BrokerCheck.
Oil jumps 3% to a one year high. BP (BP) is up 2% as they build solar projects in Texas and team up with green energy companies to create cutting-edge battery energy storage systems for the power grid. Golf stock hit with a downgrade ahead of the Ryder Cup. Acushnet, the... Read More
EV maker, Fisker (FSR) is jumping 15% after the company announced they would ramp up production and deliver 300 vehicles a day later this year. They also went on to say that they have built 5,000 Fisker Ocean SUVs. Fisker resumed with a Buy at Bank of American with... Read More
William Sonoma (WSM) jumps 11% on news of a private equity stake. The retailer known for their cooking and dining merchandise is having a good day as Leonard Green's Green Equity firm bought a 5% passive stake. Investors are hoping management will be more aggressive about turning around the... Read More
Some optimism at Ford regarding the UAW strike. Ford (F) rose nearly 2% as the company is making more progress with the UAW than their rivals. The United Auto Workers expanded the scope of their strike at General Motors and Chrysler parent Stellantis today and spared Ford... Read More
Merger Monday on a Thursday. Big data/cybersecurity software company Splunk (SPLK) is up 21% after agreeing to be acquired by Cisco for $28 billion. Cisco expects the combination to create and drive the next generation of AI-enabled security and software. KB Homes (KBH) lower following earnings. KB Homes is... Read More
Big Blue gets an upgrade. IBM (IBM) is up 2% on an upgrade. RBC Capital raised their coverage to an Outperform with a $188 price target saying the software business is misunderstood and undervalued particularly with its role in AI. Chewy (CHWY) in the doghouse today. The... Read More
Instacart (CART) is the new IPO darling. The grocery delivery stock is up 33% after coming public today at the high end of its pricing range. ARM Holdings came public last week but is down 15% from the highs since then. We'll see how Instacart reacts going... Read More
Micron (MU) rose a percent as Deutsche Bank is calling a bottom in the chip market. The analyst raised his price target to $85 a share seeing improving demand for chips, excessive inventory levels coming down with the worst of the downcycle behind us. The strike continues as Stellantis, Ford and... Read More
AT&T (T) is finally moving in the right direction. The phone giant is up a percent after rallying over a percent yesterday after reaffirming cash flow guidance. Management said full-year free cash flow with be $16 billion while Q3 free cash flow will be around $4.5-5.0 billion range. Adobe (ADBE)... Read More
British chipmaker, Arm Holdings (ARM) rose over 15% after coming public once again. Arm licenses its proprietary chip designs to major semiconductor companies and device makers such as Apple and Nvidia. The company charges its customers an upfront fee and a percentage of revenue per unit sold. RTX (span... Read More
Moderna (MRNA) is higher by 3% thanks to positive data from its latest flu vaccine trial. Fund manager, Ron Baron also made positive comments on the COVID-19 vaccine maker heading into the flu season. Netflix (NFLX) fell 5% following comments at a conference where the streaming giant said their... Read More
KeyBank (KEY) is having a good day. The local bank is up 4% after providing investors with an updated presentation on business, reaffirming quarterly and fourth quarter guidance and reaffirming full year guidance. Maybe Oracle (ORCL) isn't the wisest. The software maker is down 13% following earnings. Earnings were... Read More
Merger Monday. Hostess Brands (TWNK) is jumping 19% JM Smucker confirmed they will pay $5.6 billion in cash and shares for the maker of Twinkies snack cakes, adding to the Jif peanut butter maker's portfolio of packaged-food brands. Raytheon (RTX) taking a hit down 7% after the defense company... Read More
Smith and Wesson (SWBI) having a good day. The gun maker is up 11% following better than expected earnings and sales that rose 35% to $114 million ahead of estimates. California passed 11% excise tax on gun and ammunition sales, but that didn't seem to hurt the company. RH (RH)... Read More
Footwear is still in. Designer Brands (DBI) is up 16% following better than expected earnings and reaffirmed sales and earnings. The owner of DSW and Keds saw improvement in both sales and profitability in the second quarter. The company is rolling out our new athletic and athleisure offerings... Read More
AeroVironment (AVAV) jumps 22% following blowout earnings. The maker of the Switchblade suicide drones has seen strong demand and great success in the Ukraine war. One analyst upgraded the stock seeing a strong backlog and a new Army contract on the way and other countries reassess requirements for future... Read More
Energy sector was the best performing sector in August and so far in September as the price of oil surged nearly 2% to its highest level since November, after Saudi Arabia and Russia extended their voluntary supply cuts of a million barrels a day by three months to the end... Read More
Tech darling from the 1900s is back. Dell Technologies (DELL) is jumping 22% to record highs following blow out earnings thanks to a boost from artificial intelligence (AI) products and stabilizing demand for computer hardware. These results follow rival HP that reported dismal results. Walgreens (WBA) makes a new... Read More
Athletic retailer, Academy Sports and Outdoors (ASO) is jumping 5% on earnings. The earnings were not great as revenues fell 6.2% to $1.58 billion. Guidance was inline verse Dicks Sporting Goods which lowered guidancea a week back. A tough time for the retail space. One AI stock trading lower. Palantir... Read More
One retailer is doing well. PVH Corp (PVH) the owner of such names as Tommy Hilfiger, Calvin Klein and Heritage Brands is jumping 3% following better than expected earnings. The company easily beat by 22 cents as revenue rose 3.5% to $2.21 billion. Two analysts reaffirmed buy ratings... Read More
AT&T (T) and Verizon (VZ) are higher on upgrades. Both stocks are up 3% as the analyst at Citigroup upgraded the stocks to buys with $17 and $40 price targets saying the dividends look safe and any cleanup costs from any toxic lead that covers their underground cables is manageable. span... Read More
Boston Scientific (BSX) jumps 6% on a new method to treat abnormal heartbeat. Boston Scientific expects to receive FDA approval for an electrical pulses method to treat atrial fibrillation. The market for A fib products is worth $ 8 billion. Software cybersecurity firm, CrowdStrike (CRWD) fell 3% on... Read More
Twinkies up for sale. Hostess Brands (TWNK), the maker of Twinkies snack cakes, is up 20% on news the company is exploring a sale after fielding takeover interest from major snack food makers. General Mills Inc, Mondelez International Inc, PepsiCo Inc and Hershey Co are among the companies that... Read More
Nvidia gets the headlines, but Autodesk (ADSK) is the diamond up 3% on earnings. The design software company reported better than expected results with optimism for long-term growth opportunities. One analyst maintained his Overweight rating and a price target of $255. More retailers lowering guidance. Petco Health (WOOF) and... Read More
It's a Nvidia (NVDA) world. AI chipmaker is up nearly 3% ahead of earnings. The chipmaker has added more than $370 billion in market value since its last update and is the biggest contributor to the Nasdaq 100's 36% rally this year. Second-quarter report, which is expected to show... Read More
At least one retailer is higher. Home improvement company, Lowes (LOW) is higher by 3% following better than expected earnings. The company saw a strong spring recovery and solid online sales. D.A. Davidson analyst maintained a Buy rating and a $237 price target. Dicks Sporting Goods (DKS) taking it... Read More
A good day for tech. Software firm, Palo Alto Networks is up 15% after reporting earnings results late Friday that topped analysts' estimates. Chipmaker, Nvidia is jumping 6% on an upgrade ahead of earnings later in the week. J&J (JNJ) lower by nearly 3%, dragging the Dow lower, after they... Read More
Chip gear maker Applied Materials (AMAT) is up 3% after beating earnings estimates as revenues fell 1.5% to $6.42 billion. Management said their restructuring of the company seems to be bearing fruit as they transition to the AI future. One analyst upgraded the stock with a $160 price target. John... Read More
TJX (TJX) reports strong earnings. The discount retailer is up 4% after beating estimates by 8 cents as sales rose 7.7% $12.76 billion. Customers are flocking to the lowest priced stores seeking value via the off-price channels for back to school items. Target (TGT) is higher by... Read More
Home Depot (HD) modestly higher following better than expected earnings.Sales fell 2.0% to $42.92 billion. Management said the fears of a recession have subsided as the consumer remains generally healthy, but pulling back from major ticket items. Managment, however, did not... 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.