Diamonds and Dogs

December 3, 2021

Nucor (NUE) flexing its muscle. The steel giant is up 3% after raising their dividend 23% while announcing a new $4 billion share repurchase program. The price of steel has quadrupled over the last year allowing Nucor to generate strong earnings and a record year. Bad day for DocuSign (span... Read More

December 2, 2021

Boeing (BA) flying again in China. Boeing is up 6% lifting the Dow as China regulators laid out a series of steps for Boeing to bring its 737 MAX jet back into service in their country. The MAX was grounded worldwide from March 2019 to November 2020 following... Read More

December 1, 2021

What's in your wallet? Capital One (COF) is up 2% on an upgrade following recent underperformance. The analyst sees good risk/reward heading into the holidays. One month away from the Capital One Orange bowl. One Dow component trading lower. Salesforce.com (CRM) is down 7% following good earnings, but lower... Read More

November 30, 2021

Pfizer (PFE) is up 3% having its best month in 30 years. Back then AIDS was the virus striking fear in the public with nearly 200,000 people dying from AIDs that year. Pfizer is racing to test its current vaccine against omicron and, if needed, could develop a... Read More

November 29, 2021

The new Covid variant is lifting Moderna (MRNA). Moderna is up 10% today and up 50% in the last three weeks as the new Covid variant should bolster demand for their vaccine and booster. President Biden held a press conference today to promote the boosters. Currently anyone 18 and... Read More

November 26, 2021

The new Covid variant in South Africa is hitting the markets and lifting the COVID-19 vaccine stocks. Pfizer (PFE) is up 6% to new highs, Moderna (MRNA) is up 22% while BioNTech (BNTX) is up 18%. The European Union is getting closer to approving the vaccine for... Read More

November 24, 2021

Old school tech looks good today. HP Inc (HPQ) and Dell (DELL) are up 10% and 4% respectively following earnings as demand for PCs remains strong. Retail taking it on the chin once again. Nordstrom (JWN) is down 29% while Gap (GPS) is down 23%. Both companies... Read More

November 23, 2021

Oil jumps over 2.5% as President Joe Biden taps the Strategic Petroleum Reserve as part of a global effort by energy-consuming nations. The U.S. will release 50 million barrels from the SPR. Of that total, 32 million barrels will be an exchange over the next several months, while 18... Read More

November 22, 2021

FedEx (FDX) ready for the holidays. FedEx is up 3% as the company expects a 10% year-over-year rise in holiday package volumes this year. FedEx expects to deliver 100 million more packages during the peak season (which starts November-end following the U.S. Thanksgiving holiday) this year. FDX aims... Read More

November 19, 2021

Intuit (INTU) reports strong earnings. The financial software firm is up 9% following strong earnings and raised guidance. Sales were helped by $8.1-billion purchase of credit-score tracker Credit Karma. Intuit still has $3 billion of stock purchases to do as per a previously approved plan and approved a hike... Read More

November 18, 2021

Nvidia (NVDA) soars to new highs. The number one chipmaker is up 7% following strong earnings as revenue rose 50% to $7.1 billion. Sales would've been even better if not for limited supply constraints. Nvidia also raised guidance as demand surges for hyperscale and cloud base business while their... Read More

November 17, 2021

TJX (TJX) is well positioned for a good holiday. Retailer, TJX is up 7% to a new high following strong earnings. Earnings rose 23% to $12.53 billion. As consumer confidence drops, inflation continues to hit consumers' pockets, and government stimulus and savings fade, consumers will gravitate to... Read More

November 16, 2021

Home improvements boost Home Depot (HD). Home Depot is up 5% to new highs following strong earnings. Management says demand remains strong among customers and contractors who say their backlog of business is growing. Home Depot's market cap surpassed Walmart today.  Profit-taking in Walmart (WMT). Walmart is down 2% even... Read More

November 15, 2021

Plenty of good news for Boeing (BA). After a Airshow in Dubai over the weekend the stock is up 5% after receiving a number of orders from Saudi Arabia's Emirates airline along with orders from DHL Express. Boeing also settles their lawsuit with victim families of the 2019 Ethiopian... Read More

November 12, 2021

Johnson and Johnson (JNJ) higher on news of a spin off. JNJ is up a percent as the company announced plans on Friday to separate its consumer health division from the rest of the company, spelling the end of the last great pharmaceutical conglomerate. The split will create... Read More

November 11, 2021

Rivian Automotive (RIVN) surpasses GM and Ford in market cap. The eleven-year-old electric car maker is now the world's fifth-largest automaker by market cap even though they have only delivered a few electric vehicles to customers so far and have lost over a billion dollars year to date. After... Read More

November 10, 2021

DoorDash (DASH) dashing higher. The biggest meal-delivery service company is up 13% following in-line earnings as sales rose 45% to $1.27 billion. DoorDash went on to say they will be acquiring Finnish food-delivery startup Wolt Enterprises Oy for about $8 billion in an all-stock offer. Seems like a lot... Read More

November 9, 2021

General Electric 's (GE) years-long transformation is taking another huge step forward. GE is up 5% in a down market the company announces the split into three companies: One focused on healthcare, another focused on energy and power, and the third focused on aviation.GE plans to spin off the healthcare... Read More

November 8, 2021

Airlines set for a surge in international travel as the borders reopen today. Delta is up 2.5% as they saw a 450% increase in international point-of-sale bookings over the last six weeks after 19 months of restrictions. Delta expects to end the year with roughly 75% of its business restored... Read More

November 5, 2021

Pfizer (PFE) lifting the major averages. Pfizer is jumping 8%, nearly lifting the major averages by a percent as Pfizer said its Covid-19 pill cut the risk of hospitalization or death by 89% in a trial of high-risk non-hospitalized adults, besting its rival, Merck 's efficiency by a wide... Read More

November 4, 2021

Time to book a vacation. Booking Holdings (BKNG) the owner of Priceline and Kayak among others is up 3% following strong earnings. Thanks to the higher vaccinations and the reopening of economies bookings sales rose 77% to $23.7 billion. Earnings are expected to double next year as sales rise... Read More

November 3, 2021

DICK'S Sporting Goods (DKS) teaming up with Nike. DICKs is jumping 6% as the two companies will connect their DICK'S Scorecard and NIKE Membership accounts through the DICK'S mobile app. DICK'S and NIKE aim to make the experience simple and convenient by providing an easy-to-use platform where... Read More

November 2, 2021

Rental car market is hot. Avis Budget Group (AVIS) is surging 100% on a short squeeze following earnings. Earnings easily beat estimates as revenue rose 95.6% to $3 billion. Avis has topped consensus revenue estimates three times over the last four quarters. The CEO said the company plans... Read More

November 1, 2021

Shake Shack (SHAK) gets an upgrade. The fast food chain is up 6% on an upgrade. The analyst set a price target of $90 a share citing a rise in digital sales and improved delivery service. The company improved their operating model during the pandemic to exit in stronger... Read More

October 29, 2021

AbbVie (ABBV) higher thanks to earnings. The stock is up 4% thanks to strong earnings due to their immunology and aesthetics franchises. Revenue rose 11% to $14.34 billion. ABBV also raised guidance and hiked their dividend raising their dividend yield to 4.9%. AbbVie is known for their drugs... Read More

October 28, 2021

Ford (F) at a seven year high following earnings. Ford easily beat expectations reporting sold cash flow. Ford raised guidance and reinstated their dividend of 10 cents a share coming in the fourth quarter. The dividend had been suspended since March 2020. Looking forward, Ford believes they have a spring-loaded... Read More

October 27, 2021

Coca-Cola (KO) benefits from the reopening of the economy. Coke is up 2% not far from a yar high thanks to better-than-expected earnings as sales surged 16% to $10.04 billion in the quarter. The better-than-expected numbers were due to the reopening of public venues such as theaters, stadiums and restaurants... Read More

October 26, 2021

United Parcel Service (UPS) gearing up for the holidays. The stock is up 6% back to the highs for the year as the company easily beat earnings estimates as sales rose 9.2% to $23.18 billion. UPS is on track for record profits for the full year while delivering... Read More

October 25, 2021

Tesla's (TSLA) market cap hits a trillion dollars. The stock is up 9% after receiving a potential order from Hertz for $4 billion or a 100,000 electric cars to be added to their fleet of rental-cars. Tesla is now the second fastest company ever to reach the trillion dollar... Read More

October 22, 2021

American Express (AXP) sees an economic recovery. American Express is up 4% following strong earnings. The company said they see a resumption of social activities made possible by a rise in the number of fully-vaccinated people. Spending on travel and entertainment in the quarter more than doubled from last... 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.