Diamonds and Dogs

October 15, 2021

J.B. Hunt (JBHT) full speed ahead. The truck driving company is up 9% to new highs following strong earnings. Earnings jumped 59% while revenue climbed 27% to $3.14 billion. All business segments saw double-digit revenue growth. Impressive numbers as the price of oil rises to a multi year high... Read More

October 14, 2021

Beyond Meat (BYND) up a percent thanks to McDonald's.  McDonald's announced it would test its plant based McPlant burger, developed in partnership with vegan meat maker Beyond Meat, in eight U.S. outlets next month. The fast-food chain, which tied up with Beyond Meat to develop meatless alternatives in February,... Read More

October 13, 2021

BlackRock (BLK) bucks the downtrend. The world's largest asset manager is up 4% following better-than-expected earnings for the third quarter. BlackRock 's earnings jumped 19% helped by strong growth in performance fees. Revenue grew by 16% to $5 billion as the investment management giant reported $9.46 trillion in assets... Read More

October 12, 2021

Airbnb (ABNB) higher on an upgrade. The real estate rental service is up 4% as the analyst at Cowen upped his rating and price target to $220 a share. Airbnb will be a major beneficiary of the "hotel to homes" shift in the global lodging market, with a trusted... Read More

October 11, 2021

  DraftKings (DKNG) upgraded. DraftKings is up 2% as the Citigroup analyst-initiated coverage of the sports betting group with a 'buy' rating and a $66 price target. The analyst believes there is "robust, long-term" growth in the sports gaming market, adding that it's well-placed to capitalize on market consolidation and... Read More

October 8, 2021

The oil stocks are on fire. Phillips 66 (PSX) rose 3% today and is up 30% in the last month as the price of oil is shooting higher. Thanks to the higher price of oil, Phillips 66 is raising their dividend and repaying $500 million in debt. The company... Read More

October 7, 2021

Jeans are selling. Levi Strauss (LEVI) is up 9% following strong earnings. Sales surged 41% year over year while earnings grew more than 570% from the lows of the pandemic. The company also issued a $200 million share repurchase program. Kellogg's (K) taking a hit as the workers strike for... Read More

October 6, 2021

Buy now, pay later growing in popularity. Buy now and pay later specialist Affirm Holdings (AFRM) is jumping over 20% after Target joined the list of retailers including Amazon, Shopify, and Walmart to use their product. Good for the stock, but maybe not the best thing long term for... Read More

October 5, 2021

Energy (XLE) gushing higher. Brent crude oil is up nearly 2% to a three-year high on Tuesday while U.S. benchmark crude reached close to 2014 peaks after the OPEC+ group of producers stuck to its planned output increase rather than pumping even more crude. Oil prices have already surged... Read More

October 4, 2021

Elmira Savings Bank (ESBK) getting bought out by Community Bank. Elmira's stock is up 67% after agreeing to be acquired for $82.8 million or $23.10 in cash per share. The transaction has been unanimously approved by the boards of directors of both companies. Upon completion of the transaction, the... Read More

October 1, 2021

Merck (MRK) is the clear diamond today. Merck is up 10% to a yearly high on positive data for their oral Covid-19 antiviral pill that could cut the risk of hospitalization or death from COVID-19 by approximately 50%. The pill is being called a game-changer. If the FDA... Read More

September 30, 2021

Paychex (PAYX) reports strong earnings. Local firm, Paychex is up 4% moving toward its all-time high following better than expected earnings and raised guidance. Paychex's fiscal 2022 is off to a strong start as the company achieved double-digit growth in both revenue and earnings. Paychex has benefited from the... Read More

September 29, 2021

Dollar Tree (DLTR) higher on a buyback. Dollar Tree is up 10% after announcing a $2.5 billion share buyback. Profits are expanding as prices go beyond a dollar selling products that cost more than $1 in its Dollar Tree Plus stores and testing them in their traditional stores. Some... Read More

September 28, 2021

Ford Motors (F) updates their outlook. Ford is up 2% after saying they see some relief in the semiconductor shortage to increase production. Ford is also investing $11.4 billion to develop electric vehicle campuses, creating 11K new jobs in the state of Kentucky. Ford is also expanding their Tennessee operations,... Read More

September 27, 2021

Oil stocks are gushing. Exxon Mobil (XOM) rose 3% on an upgrade as the price of oil rose for a fifth straight day as oil closes in on $80 a share. The analyst believes Exxon has 24% total return upside potential in the next 12 months. Profit-taking in the vaccine... Read More

September 24, 2021

A good week for Salesforce (CRM). The Dow-component, cloud software firm is up 2% today and up 10% on the week following strong earnings while boosting full-year sales forecast as the pandemic-led shift to remote work continues to fuel demand for its products. The Slack acquisition has enhanced Salesforce's... Read More

September 23, 2021

People are going out to dine. Darden Restaurants (DRI), the parent of Olive Garden, is up 5% to new highs after beating earnings estimates, raising guidance, raising their dividend and unveiled a stock buyback. Sales jumped 51% from a year earlier to $2.31 billion. Rite Aid (RAD) trades lower... Read More

September 22, 2021

General Mills (GIS) is higher by 3% following earnings. Strong growth in their pet foods business cushioned a slowdown in demand for its cooking sauces and baking products. Net revenue at its pet foods unit jumped 25% in the quarter. Cheerios and other cereals, snacks and baking products continued... Read More

September 21, 2021

Uber (UBER) raised guidance. The ride-sharing giant is up 8% after raising guidance and saying the company could turn a profit in the third quarter. Uber just reported its first months of adjusted EBITDA profitability in July and August. An analyst at MKM rates Uber a Buy... Read More

September 20, 2021

Pfizer (PFE) releases positive data. Pfizer is modestly higher as their Covid-19 vaccine was safe and produced strong antibody responses in children ages 5 to 11 in a large-scale trial, paving the way to begin vaccinating grade-school kids in the future. On Friday, the FDA unanimously backed Pfizer's... Read More

September 17, 2021

Thermo Fisher (TMO) raises guidance. The biotech and medical product maker is up 4% to new highs after raising guidance at an analyst meeting. Thermo now sees better earnings for the full year and core organic revenue growth of +7-9% and earnings growth in the mid-teens. Commodities take a hit.... Read More

September 16, 2021

DoorDash (DASH) to deliver alcohol. The delivery service company's stock is up 6% to an eight month high after, among other things, announcing the introduction of alcohol delivery service in US, Canada, and Australia, Beyond Meat (BYND) hit with a downgrade. The plant-based meat seller is down 4% as... Read More

September 15, 2021

More grilling in the backyard. Weber (WEBR) is up 3% after reporting their first quarterly earnings report after going public. Reported sales up 19% to $668.9 million and expects earnings to be up 30% year over year. The stock however, is still below its IPO price back in... Read More

September 14, 2021

Crocs (CROX) raises guidance. Crocs is up 11% to new highs as the company stated at an Investor Day conference, they see $5 billion in sales by 2026 with sandal sales expected to quadruple in the next 5 years. Crocs has also been collaborating with celebrities like Justin Bieber... Read More

September 13, 2021

Oil stocks jumping today as the reopening trade is back on. EOG Resources (EOG) is up 4% to a one month high on an upgrade an $82 price target. OPEC stated over the weekend that global oil demand will exceed pre-pandemic levels next year with travel recovering... Read More

September 10, 2021

GM (GM) reaffirms guidance. The carmaker is up 3% as GM reaffirms their outlook and sees the chip shortage easing next year. Jacobson also said he expects the carmaker to recover the estimated $1 billion cost linked to the recall of Chevy Bolt batteries from Korea-based manufacturer LG Chem Ltd. It's... Read More

September 9, 2021

Moderna working on a vaccine to protect against Covid-19 and the flu. Moderna is up 7% as the company announces plans for a new vaccine to fight two viruses. Moderna's Covid-19 vaccine is expected to bring in $20 billion in sales this year alone. The reopening stocks are performing well... Read More

September 8, 2021

Ready to guac and roll at Chipotle Mexican Grill (CMG). Chipotle is up a percent on an upgrade at Cowen with a Wall Street high of $2,250 from $2,080 and affirming an outperform rating. Chipotle profits are going higher as the digital carry-out mix of sales and third-party delivery... Read More

September 7, 2021

Disney (DIS) and Netflix (NFLX) up for different reason. Disney is higher by 2% after releasing their new movie "Shang-Chi" in theaters only. The movie grossed $90 million world-wide. So far this year, Disney had been releasing new movies in theaters and through their streaming platform. Netflix is... Read More

September 3, 2021

Docusign (DOCU) higher following earnings. The cloud-based software firm beat estimates as sales rose 49% to $511.84 million. Docusign also raised guidance as the CEO believes there are a lot of great years of growth ahead. DocuSign also received an upgrade from Bank of America Securities with a... 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.