Diamonds and Dogs

June 3, 2020

Zoom Communications (ZM) zooming higher. The video communication company is up 4% making new all-time highs following blow out sales. Revenue improved 169% to $328.2 million from $122 million a year ago marking one of the best quarters for any software firm in history. For the full year, Zoom now... Read More

June 2, 2020

BP (BP) upgraded. The British oil company is up 4% to a two-month high ahead of an OPEC + meeting this week. The price of oil is up 2% back above $36 a barrel at a three month high as demand returns. Brent crude is up 2% closing in... Read More

June 1, 2020

Beyond Meat (BYND) going overseas. The plant-based meat company is up 6% following news they are expanding their partnership with KFC into China through Yum China. KFC will offer the Beyond Burger as a three-day offering at five locations in Beijing, Chengdu, Hangzhou and Shanghai.China doesn't want... Read More

May 29, 2020

Dell Technologies (DELL) stealing market share from rivals. Dell is up 5% to a three-month high following an earnings beat as sales were unchanged year over year at $21.9 billion. Dell is seeing better sales of personal computers to businesses with employees working from home. Dell's PC business is... Read More

May 28, 2020

Workday (WDAY) is working. The human resource software maker is up 8% to a three-month high following strong earnings. Revenues rose 23.4% to $1.02 billion, the first billion-dollar sales quarter as companies lean on Workday to move to the cloud to help employees learn virtually, closing books remotely, or... Read More

May 27, 2020

JP Morgan Chase (JPM) CEO has the bank stocks rocking and rolling. Jamie Dimon, the influential head of the largest U.S. bank, has his stock up 5% today after a 6% rally yesterday when he made optimistic comments that we could see a fairly rapid recovery in the... Read More

May 26, 2020

Drug maker, Novavax (NVAX) lifting the major averages. The biotech is up 14% on news they are launching a Phase I clinical trial of its coronavirus vaccine. Novavax said it expects to share the results of the trial in July. Merck (MRK) is also higher on news they... Read More

May 22, 2020

Nvidia (NVDA) trading at new all-time highs. The chipmaker is up 2% following better than expected earnings. Nvidia easily beat expectations as sales rose 38% to $3.08 billion. Robust sales from data centers led the out performance. While the markets are down for the year, Nvidia is up 50%... Read More

May 21, 2020

Boeing (BA) one of the few Dow components higher today. Boeing is up 4% to a one month high as the RBC's analyst says the stock has good risk reward for the long term. The Dow Jones Industrial Average has trailed the performance of the Nasdaq and the S&P 500... Read More

May 20, 2020

Facebook (FB) trading at a new all-time high. The social media giant is up 5% following news the other day the company will create Facebook Shops, which lets businesses operate unified online stores across Facebook and Instagram. An analyst today expects the new front to create a revenue opportunity of... Read More

May 19, 2020

Amazon (AMZN) is up 2% to an all-time high as they expand into Central New York and look to acquire assets in the JC Penney's bankruptcy. Amazon is looking to possibly buy JC Penney's apparel business and some of their real estate while Amazon will build a $350 million distribution... Read More

May 18, 2020

Moderna (MRNA) lifting the broader markets. Drug company, Moderna is up 22% following positive interim clinical data showing its vaccine candidate against novel coronavirus produced antibodies levels similar to patients who had recovered from Covid-19. Moderna's stock has quadrupled in the last three months. End of an era. JC Penney's... Read More

May 15, 2020

Sorrento Therapeutics (SRNE) claims it has a cure for the Covid-19. The tiny biotch is up over 100% as the CEO Henry Ji says the antibody drug they have can provide "100% inhibition" of Covid-19, the respiratory illness caused by the new coronavirus, according to Fox News. Mr.... Read More

May 14, 2020

Rumors lifting Wells Fargo (WFC). The California based bank is up 6% on rumors Goldman Sachs may consider buying the bank to expand their exposure beyond the Northeast. Barron's made cautious comments on the possible merger while one analyst downgraded Wells Fargo citing concerns about a dividend cut. Delta (span... Read More

May 13, 2020

Boring is beautiful. Cereal maker, General Mills (GIS) is up 2% to a three year high after raising guidance two days ago. Thanks to the stay at home orders in most states, General Mills was able to raise guidance for the quarter due to strong sales as consumers, unable... Read More

May 12, 2020

GrubHub (GRUB) higher on takeover talks. The food-delivery company is up 34% to a seven-month high on rumors Uber Technologies has approached Grubhub with an acquisition offer that could be announced as soon as this month. No specifics for the proposed transaction. The ride-hailing company has seen growth in... Read More

May 11, 2020

Cardinal Health (CAH) performing well. The drug distributor is up 6% to a two-month high following earnings. Cardinal beat by 17 cents as sales rose 11% to $39.16 billion. They did caution a significant net negative impact to the current quarter driven by a decrease in volume related to... Read More

May 8, 2020

  UBER (Uber) riding higher. The ride-hailing giant is up 6% following earnings. Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain. They... Read More

May 7, 2020

Peloton (PTON) gets a lift from the stay-in-place order. The popular home fitness company is up 13% to new highs thanks to a surge in new subscribers. Overall revenues rose 66% to $524.6 million. With gyms closed around the country, Peloton subscribers nearly doubled to just over 886,000 and... Read More

May 6, 2020

General Motors (GM) trading up 4% following earnings. Full-size pickup deliveries soared 27% in the first three months of the year, with the government shutdown only disrupting the last couple weeks of the quarter. GM has suspended their dividend and share-buyback program while boosting their borrowing to amass $33.4 billion... Read More

May 5, 2020

The shelter-in-place order boosted Wayfair's (W) business. The online furniture retailer is up 23% making a new all time high following earnings. Wayfair posted better-than-expected quarterly results, as more consumers took to renovating and furnishing their homes for business purposes while being stuck indoors due to the COVID-19 pandemic. A second... Read More

May 4, 2020

Ferrari (RACE) revving its engines. The luxury sports car maker is up 5% at a one-month high following earnings and news they expect to make more than $1 billion in core profits this year, providing a relative beacon of stability in an auto industry ravaged by the coronavirus crisis.... Read More

May 1, 2020

Clorox (CLX) sales surge due to the global pandemic. The bleach maker is up 3% not far from all-time highs as consumers and companies have scrambling to stockpile cleaning products. In their earnings report, Clorox said sales jumped 15%, thanks to soaring demand for the company's bleach, soaps, and... Read More

April 30, 2020

Microsoft (MSFT) is up a percent not far from all-time highs following earnings. Microsoft easily beat earnings estimates as sales rose 14.6% to $35.02 billion. The company said they have seen a minimum net impact amid the coronavirus outbreak as cloud usage and demand has surged. Facebook (FB) is... Read More

April 29, 2020

Gilead Sciences (GILD) lifting the major averages after their remdesivir drug met its primary endpoint in an NIAID placebo-controlled study giving investors hope a reopening is possible. Gilead is up 6% while the major averages are up at least 2.7% at a one month high. Hertz Global Holdings (span... Read More

April 28, 2020

Harley Davidson (HOG) ready to roll. The American made motorcycle company is up 13% following earnings. The earnings were not pretty, buy Harley is taking the steps to cut costs while also announcing it is getting back to production ahead of hopefully, the beginning of the motorcycle riding season. Read More

April 27, 2020

May the Fourth be with you. Disney (DIS) is up 3% to a one month high on a number of positive developments. ESPN is saying their Michael Jordan series called, The Last Dance is the highest rated ESPN documentary ever. Disney plus has surpassed 50 million subscribers... Read More

April 24, 2020

The pet industry has proven to be recession-resilient. Chewy (CHWY) is modestly higher and up 100% from the March lows as the $18 billion online pet supplies retailer has emerged as one of the biggest winners during this period of lockdowns, panic buying and rising pet adoption. Chewy's sales... Read More

April 23, 2020

With the NFL draft tonight originally planned to be hosted in Las Vegas, Las Vegas Sands (LVS) is jumping 10% following earnings. The company reported a small loss as sales fell 51% to $1.78 billion. The casino operator is optimistic that pent-up demand for gambling points to a... Read More

April 22, 2020

Snap (SNAP) looking good. The Snapchat parent company is up 26% to a one-month high following earnings. The company lost money, but sales rose 44% to $462.5 million ahead of estimates. Daily active users were 229 million in the first quarter, an increase of 39 million or 20% year-over-year.... 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.