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U.S. crude is up 5%, bringing its week-to-date advance to more than 7% based on fears in the Middle East. Energy stocks have rallied in tandem with Marathon Petroleum up 5% and Diamondback Energy up 4%. The sector is on pace for its best week in more than a year. Jean... Read More
Caesar Entertainment (CZR) is up 7% after announcing a $500 million share buyback. The casino stocks with exposure to China have been performing well as China looks to restimulate the Asian economy. Rival, FanDuel put out projects on North America gambling saying the online market could be worth $70... Read More
Paychex (PAYX) is up 4% to a new all time high thanks to earnings. The Rochester firm beat by 2 cents as revenue rose 2% to $1.32 billion. The company reaffirmed guidance as small and medium size businesses remain resilient. Risk off today with heightened tensions in the Middle East.... Read More
Apple (AAPL) finishing out a good month and quarter. Apple is up a percent, not far from all time highs as investors keep debating whether the iphone 16 is in a super cycle or a not. Morgan Stanley made positive comments on led times for iphone sales coming in... Read More
Bristol Myers (BMY) jumps on FDA approval for their schizophrenia drug. Bristol rose 1.5% today to a six month high as their new drug to treat schizophrenia works differently than the drugs used by many Americans today to treat schizophrenia. Schizophrenia affects nearly 24 million people worldwide, including... Read More
Micron Technology (MU) surges 15% on strong fourth quarter earnings and sales while raising guidance, setting up for a nice fourth quarter rally for the global chip market. Micron received a few upgrades as Morningstar Equity Analyst sees Micron riding "a cyclical upswing" in memory demand. The price of oil fell... Read More
Hewlett Packard Enterprise (HPE) gets an upgrade. The old blue chip tech is up 4% following a conference the other day where the firm displayed their new AI products. The analyst at Barclay's upgraded the stock with a $24 price target citing accelerating AI orders and potential growth opportunities... Read More
Chinese stimulus package lifts Chinese stocks and casino stocks. Alibaba (BABA) is up 6%, JD.com is up 11% while Las Vegas Sands (LVS) is up 5% and Wynn Resorts (WYNN) is up 4% is the largest stimulus package since the COVID pandemic. Biotech, Regeneron (REGN) is... Read More
Micron (MU) higher by 2% ahead of earnings on Wednesday as Rosenblatt reiterated its Buy rating and $225 target for the stock. The analyst expects Micron to deliver inline August quarter results on continued recovery memory dynamics ahead of strong memory cycle over the coming years. GM (GM) lower by 2%... Read More
Nike (NKE) getting a new CEO. The Dow component is up 5% as the company is shaking up management, bringing in a new CEO to try and return the sneaker giant to its glory. The shakeup comes ahead of investor day for Nike, when many on Wallstreet... Read More
Caterpillar (CAT) likes lower interest rates. The big machinery and Farming equipment maker is jumping 5% back toward all time highs one day after the Fed cut interest rates. Besides making big expensive machines more affordable, the lower rates mya spur growth and more demand going forward. Deere is... Read More
Zillow (ZG) had a good day thanks to the Fed. The real estate website stock jumped 4% to new highs as investors hope the 50 bps rate cut will fuel hopes that lower mortgage rates will provide sluggish housing market with a boost. Sysco Corp (SYY) fell 4% after the... Read More
One chip stock is higher today. Intel (INTC) is up 6% after the Biden Administration awarded Intel up to $3 billion from the CHIPS and Science Act to develop critical component to a wide range of weapon systems and other national security products in an initiative to re-shore... Read More
Good week for Oracle (ORCL). The cloud software giant is up 2% to a new all-time high after raising sales guidance. The stock jumped dramatically on Tuesday following strong record earnings. A belated birthday present for their 80-year-old CEO and founder, Larry Ellison. Boeing (BA) still can't get out... Read More
Warner Brothers Discovery (WBD) finally having a good day up 9% after Charter Communications announce multi-year distribution partnership. Warner Brothers is also looking to add 6 million subs for the quarter and revenue growth driven by real subscriber growth in the second half. They also expect earnings guidance to... Read More
Solar stocks performed well following the President debate last night. First Solar (FSLR) jumped 15%.Last week, the White House announces $7.3 billion for clean, affordable, reliable electricity for rural America. Trump Media & Technology (DJT) fell 13% as many believe Vice President Kamala Harris won the debate last night.... Read More
Oracle (ORCL) getting in on the AI trade. The software giant is up 11% to a new high following strong earnings and new AI products. Earnings beat by 6 cents as revenues rose 6.9% to $13.31 billion. Oracle is in the process of building 162 cloud datacenters, the largest... Read More
Palantir (PLTR) and Dell Technologies (DELL) are up 13% and 4%, respectively, after S&P Dow Jones Indices said late Friday both companies and stocks would join the S&P 500 on September 23rd. This will be the second time for Dell after going private for a number of years... Read More
Boring is beautiful again. AT&T (T) rose a percent in a down market. No news today, but the company did provide updated guidance on Wednesday at a Bank of America conference where they stated they are on track to meet their earnings and cash flow guidance. The stock currently yields... Read More
Tesla (TSLA) having a good day as they roll out Self-Driving software in China and Europe starting in 2025. Tesla is also allowing more drivers to purchase Full Sefl Driving (FSD), for $99 a month even though drivers are still required to pay attention 100% of the time.... Read More
Seagate (STX) leading the tech rebound on raised guidance at their quarterly conference. Ironically, the raised guidance is still below Wall Street consensus estimates, but any news is good news right now in the tech space. TD Cowen raised their price target on Seagate recently with a $130 price... Read More
Constellation Brands (STZ) is up 2% on mixed guidance for the rest of the year. Constellation owns the popular Mexican lager Modelo Especial, which has surpassed Bud Light to become the best-selling beer in the U.S. by dollar value. Constellation's wine and spirits branch, on the other hand, are... Read More
Dell (DELL) jumps 4% on earnings thanks to strong demand from their AI products. Revenue from Dell's infrastructure solution and servers rose 38%. More specifically, demand for AI-optimized servers, including the flagship PowerEdge XE9680, rose 23% sequentially to $3.2 billion. Dell's AI pipeline now appears to be $11 billion... Read More
Apple (AAPL) regains its top spot as the largest US company, up 2% today thanks to an upgrade at Citigroup as their Top Pick as the analyst anticipates an artificial intelligence update for the iPhone at their September product launch event. The dog of the day goes to Dollar General... Read More
Boring is beautiful. Berkshire Hathaway rose a percent to an all-time high with a market cap of trillion dollars for the first time ever. CEO Warren Buffett will turn 94 on Friday came himself an early birthday present with his company's stock performance. Berkshire has been raising cash, $276... Read More
Another recent highflyer, Eli Lilly (LLY) jumped 2% on the open as they introduced a single-dose script of their popular weight loss drug, Zepbound at half the price, aiming to broaden access for patients who self-pay for their drugs. The dog of the day went to Super Micro Computer (span... Read More
The price of oil jumps 3% due to productions halts in Liby and heightened tensions in the Middle East. Exxon and Conoco (COP) are both up 2% or more near one month highs. Brazilian oil producer, Petrobras (PBR) is up 8% on an upgrade. Risk off day as AI... Read More
Something's cooking at Cava Group (CAVA). The fast-casual restaurant chain popped more than 20% to new highs on stronger-than-expected quarterly results. Cava posted earnings of 17 cents per share on sales of $233 million, up 35%. The company also raised guidance as demand seems to only be improving. Merrill... Read More
Zoom Video (ZM) zooming higher. The company beat by 18 cents as revenue rose 2.1% to $1.16 billion. The better news is the company raised guidance for the quarter and full year as management expects Zoom conference calls and demand to improve going forward. The Board of Directors authorized a... Read More
Target (TGT) is the diamond, up 12% on second-quarter results that surpassed Wall Street's expectations. The retailer's guidance was in-line as the company remains cautious on the consumer, but management did say they are making progress on "Inventory shrinkage" AKA stealing as Target is locking up more merchandise,... 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.