Diamonds and Dogs

May 6, 2021

Kellogg (K) jumping 7% thanks to a strong demand for cereal. Kellogg's is working overtime to keep supplies of its most beloved cereals not named cornflakes, Froot Loops, Apple Jacks and Corn Pops, in stock as people continue to consume large quantities of food at home amidst the COVID-19 pandemic. Profit-taking... Read More

May 5, 2021

Under Armour (UAA) up 9% following earnings and an upgrade. Under Armour easily beat expectations the other day as sales rose 39% to $1.3 billion. Under Armour is doing better with fashion athletic and athleisure while also improving markets with their sneakers. UBS upgraded the stock with a... Read More

May 4, 2021

CVS Health (CVS) blow out earnings. CVS is up 3% to new highs following strong earnings. The health-care company gave 17 million Covid shots at long-term care facilities and at its pharmacies through April. Sales in the front of the store, fell 11% year-over year due to... Read More

May 3, 2021

Upgrade for FedEx (FDX). FedEx is jumping 4% on an upgrade. The Dow Jones Transportation averages has been on a tear since the market bottom last year more than doubling and up 25% year to date. Not bad.  Tech taking it in the chin. Amazon (AMZN) is down 2%... Read More

April 30, 2021

AstraZeneca (AZN) beat estimates without much help from their Covid-19 vaccine. AstraZeneca is up 4% to a three-month high following strong earnings as sales rose 15% to $7.32 billion thanks in part to their cancer drugs and their cardiovascular and rhythm management treatments. No more need for cleaning supplies. Clorox... Read More

April 29, 2021

Facebook (FB) profits surge. Facebook is up 7% to new all-time highs thanks to strong ad spending. Similar to Google yesterday, Facebook saw a 50% rise in advertising revenue as corporate ad spending leaves magazines and other traditional areas and goes online. Profit-taking in the drug space. Bristol Myers (BMY)... Read More

April 28, 2021

Google/Alphabet (GOOG) is crushing it. Google is up 4% to new highs following blow out earnings. Sales rose 34% to $55.3 billion. YouTube ad revenue rose 50% year over year and is catching up to Netflix in... Read More

April 27, 2021

UPS (UPS) blow out earnings. UPS is up 11% to new highs after easily beating expectations as revenue rose 27% to $22.91 billion. Besides packages, UPS delivered more than 1.1 million vaccine shipments to 50 countries and territories. Tesla (TSLA) trading lower following earnings. Tesla is... Read More

April 26, 2021

Commodities and Elevators are in demand. Freeport McMoran (FCX) is up 6% to a six year high as the price of copper rises to a nine-year high. Copper and Freeport are a traditional leading economic indicator. President Joe Biden's infrastructure spending plan of $2.3 trillion will use a lot... Read More

April 23, 2021

BioNTech (BNTX) is up 3% to new highs as the European Commission is set to decide if they will buy another 1.8 billion Pfizer/BioNTech vaccines against the coronavirus which will include booster shots to increase immunity through 2023. A recent US poll shows 54% of people will not be... Read More

April 22, 2021

Godzilla lifts AT&T (T) stock. AT&T is up 4% to a 11-month high following better than expected earnings as sales rose and beat expectations. A net gain of 3 million subscribers to HBO Max in the first quarter helped lift earnings thanks to new releases like Wonder Woman 1984... Read More

April 21, 2021

Europe betting on Pfizer (PFE) and BioNTech (BNTX). Pfizer is up a percent while BioNTech is up 3% as  the European Union won't take up an extra 300 million doses of AstraZeneca and Johnson & Johnson COVID-19 vaccines and instead will favor the Pfizer/BioNTech vaccine to inoculate at... Read More

April 20, 2021

Bidding war for a railroad. Kansas City Southern (KSU) is up 16% after Canadian National Railway offered $30 billion to snatch Kansas City Southern from a rival. Canada's two biggest railroads are vying for a rail network that links their country with the U.S. and Mexico as a reworked... Read More

April 19, 2021

Manchester United (MANU) is jumping 7% after the announcement of plans to join the breakaway European Super League (ESL). Twelve clubs, including Manchester United, Juventus of Turin, Real Madrid and Barcelona agreed Sunday to form a breakaway league that would play mid-week home and away matches alongside their... Read More

April 16, 2021

Materials look good. Aluminum maker, Alcoa (AA) is up 8% to a new high following strong earnings. Alcoa beat by 32 cents as sales rose 20% to $2.87 billion. The company reported revenue and income at its highest level since 2018. Alcoa is expecting a strong 2021 based on continued... Read More

April 15, 2021

UnitedHealth Group (UNH) trading at new all-time highs. The largest HMO in the country is up 3% following strong earnings and raised guidance. UnitedHealth easily beat by 94 cents as sales rose 9% to $70.2 billion even as COVID-19 continues to negatively affect demand and costs.   Profit-taking in... Read More

April 14, 2021

A 180 in the bank and oil stocks. Goldman Sachs (GS) is 4% and up 90% since November following blow out earnings. The Investment bank earnings beat estimates by 100% as sales rose 102% year over year. Occidental Petroleum (OXY) is up 6% today and up 150% since November... Read More

April 13, 2021

Nvidia (NVDA) is up 1.6% today after rising 5% yesterday. As most chip companies struggle with supply shortages, Nvidia raised guidance after introducing a new data-center server chip based on Arm Holdings technology to compete with Intel Corp. Plenty of upgrades with price targets as high as $800 a... Read More

April 12, 2021

Signet Jewelers (SIG) raises its outlook. The jewelry retailer is up 10% to new highs after raising its same-store sales guidance for the year to 17% to 20%. Management believes this topline strength is likely due to a combination of traction from strategic initiatives as well as tailwinds from... Read More

April 9, 2021

Levi Strauss (LEVI) performing well. The jeans maker is up 2% reaching the highest level since going public after the denim maker projected a sales boost in the first half of the year. The company joins a group of retailers that expect shoppers to spend more freely as 2021... Read More

April 8, 2021

FedEx (FDX) gets an upgraded. The delivery service company is up nearly 2% on an upgrade. FedEx reported blow out earnings three weeks ago as revenues rose 23.0% year over year. Read More

April 7, 2021

Carnival (CCL) jumping on optimism of getting back on the open seas. Carnival is up 6% even though the company reported a $2 billion quarterly loss this morning.  The optimism in the stock is attributed to comments from the CDC saying that US cruises could resume by mid-summer... Read More

April 6, 2021

Snap (SNAP) receives an upgrade. The parent company to Snapchat is up 5% following an upgrade with a $75 price target. The upgrade is helping lift Twitter. Read More

April 5, 2021

Tesla (TSLA) reports strong delivery numbers. Tesla is up 4% after delivering 184,800 vehicles in the first quarter, up from 88,400 in the first quarter last year. Most of the deliveries were the Model 3 and Y. The Model Y saw strong demand in China. Tesla only delivered 2,020... Read More

April 1, 2021

Tech looks good to start the quarter. Micron (MU) is up 4% following strong earnings last night. Cowen upgraded the stock with a $105 price target. Google (GOOG) and Amazon (AMZN) are higher as well following upgrades as the Nasdaq is jumping 1.5% today.   Profit-taking in CarMax (span... Read More

March 31, 2021

Strong earnings at Chewy (CHWY) and Walgreens (WBA). Walgreen is up 6% following strong earnings as the company administered more than 8 million COVID vaccines as well as 5 million tests in the quarter. Chewy is up 7% as earnings beat while sales rose 50% to $2.04... Read More

March 30, 2021

COVID-19 vaccine maker, BioNTech (BNTX) reports strong results. The partner with Pfizer is up 6% following strong earnings. Sales rose 1,134% as their cash doubled to $1.2 billion. BioNTech has already provided more than 200 million doses of their vaccine with signed orders for 1.4 billion doses to date... Read More

March 29, 2021

Boeing (BA) getting more orders. Boeing is up 2% as Southwest Airlines agreed to buy 100 additional 737 MAX jets and added options for 155 more through 2029. Southwest is the world's largest operator of an all-Boeing fleet. Investment banks Nomura (NMR) and Credit Suisse (CS) under pressure. The... Read More

March 26, 2021

Earnings improving for the banks. Bank of America (BAC) is up 2% as their CEO indicated that earnings are set to "substantially increase" from higher interest rates, the Fed loosening restrictions on bank dividends and buybacks and reserves for bad loans coming back in the books. Not a... Read More

March 25, 2021

Restoration Hardware (RH) looks good. The home-furnishings retailer is up 3% near all-time highs following earnings and forecasts for more growth to come. RH has been a major beneficiary of the Covid-19 pandemic as consumers spent more on their home in general, while many moved to the suburbs for more... 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.