Diamonds and Dogs

December 2, 2022

Northrop Grumman (NOC) unveils a new secret B-21 bomber to the public. The stock is up 2% as the company will unveil the first of the stealthy, bat-winged jet where at least 100 of the new bombers will be assembled. Employment at Northrop Grumman's Antelope Valley sites has soared... Read More

December 1, 2022

Five Below (FIVE) ready for a great holiday. The discount retailer is up 12% following better than expected earnings as revenue rose 6.2% to $645.03 million. The company also raised guidance expecting a strong holiday season as the upcoming inflation-marred holiday season may drive customers to its discount stores. Salesforce... Read More

November 30, 2022

Horizon Therapeutics (HZNP) jumps on takeover rumors. The biotech known for their thyroid eye disease therapy and chronic gout drug is jumping 25% on rumors of takeover talks with Amgen, Johnson & Johnson and Sanofi. The talks are preliminary. Earnings beat as revenues rose 52.8% to $580.88 million. Crowdstrike (span... Read More

November 29, 2022

Workday (WDAY) having a good day. The cloud software firm is up 3% afterhours following better than expected earnings. Revenues rose 20.5% year over year to $1.6 billion. The company is expecting similar growth in 20223. Workday announced a $500 million share buyback plan. Hibbett (HIBB) misses by a... Read More

November 28, 2022

Crazy times in China. The casino stocks are higher after China and the Macau government renewed the licenses for the six main casino operators for another 10 years. Wynn Resorts (WYNN) is up 3%. The downside is China continues its policy of lockdowns as COVID cases surge once... Read More

November 25, 2022

Expedia (EXPE) all booked for the holidays. The travel website is up a percent as holiday travel whether it be for heading home for Thanksgiving or planning a family trip for December, is expected to jump 39% this year even as traveling is especially expensive this year. Consumers must... Read More

November 23, 2022

Deere (DE) continues to perform well. Deere is up 5% to a 52-week high following earnings. Deere easily beat expectations as sales rose 39.7% to $14.35 billion. Deeres infrastructure division is showing signs of promise while making the bold prediction that US corn and soybean production could be fully autonomous... Read More

November 22, 2022

Winter is Coming. Burlington Stores (BURL) is jumping 14% even as earnings miss estimates. Management said they were not happy with the third quarter performance, but they must be happy with the stock price. The stock is still down for the year, but has bounced nicely the last two... Read More

November 21, 2022

What's new is old. Disney (DIS) is jumping 5% as the board of directors fire the current CEO after just two years to bring back their previous CEO of 15 years, Bob Iger. The board at Disney reached out to Bob Iger on Friday as senior leadership... Read More

November 18, 2022

Retail leading the charge. Following earnings, Gap (GPS) is up 6%, Ross Stores (ROST) is up 12% while Foot Locker is up 14%. All the retailers have been tightening their belts to beat inflation and get ahead of any slowing demand. Even with today's rally, Gap and Foot... Read More

November 17, 2022

At least one tech stock is performing well. Cisco Systems (CSCO) is up 3% following strong earnings and guidance. Revenues rose 5.7% to $13.63 billion. Their record order backlog was reduced by around 10% as bottlenecks and supply chain issues ease. Demand continues to remain strong as Cisco raised... Read More

November 16, 2022

  Lowes (LOW) rises 3% following better than expected earnings. Lowes easily beat estimates as sales rose 2.4% to $23.48 billion. The company also raised guidance thanks to improved DIY sales trends. Online sales are also improving with revenue from grew 12%, on top of 25% growth last... Read More

November 15, 2022

Walmart (WMT) higher by 10% following better than expected earnings. Walmart beat by 18 cents as revenue rose 8.8% to $152.8 billion. Comparable U.S. sales, those from stores and digital channels operating over the past 12 months rose 8.2% through Oct. 28, from a year earlier. Sales of groceries,... Read More

November 14, 2022

Good day for the chips. AMD (AMD) jumped a percent on a upgrade. The Baird analyst upgraded the stock with a $100 price target as the new Genoa chips, released last week, will further widen its AMD's competitive moat verse Intel and other chip makers. Taiwan Semi (span... Read More

November 11, 2022

Nike (NKE) flying high. Nike is up 7% on hopes China is signaling a loosening of zero-COVID policy. Nike has heavily invested in China as one of its biggest growth markets. Casino stocks with exposure to China like Wynn Resorts (WYNN) is also jumping 8%. Defense stocks take... Read More

November 10, 2022

Good day to report strong earnings. Yeti Holdings (YETI) is jumping 30% following strong earnings. Yeti beat expectations as sales rose 19.6% year/year to $433.6 million. The company reported in line earnings guidance but raise sales guidance as they do not see a slow down in sales. So far... Read More

November 9, 2022

Merck (MRK) makes a 52 week high. The drug giant is up a percent to a 52 week high after reporting better than expected earnings two weeks ago. Merck continues to ride their largest cancer drug, Keytruda which accounts for 36% of sales. The patent protection for the drug... Read More

November 8, 2022

Planet Fitness (PLNT) flexing its muscles. The fitness workout operator reported better than expected earnings as revenues rose 58.7% to $244.9 million. The company reported record membership of 16.6 million people and same-store-sales growth of 8.2% after opening 29 new locations during the quarter. Looks like people are ditching... Read More

November 7, 2022

Facebook/Metaverse (META) gets an upgrade. The stock is up 4% today, but down 70% from the highs set last year. Facebook continues to spend billions on creating a metaverse universe that many questions will ever become that popular or profitable. Facebook is also facing tough competition from Tiktok and... Read More

November 4, 2022

Takeover bid for Yamana Gold (AUY). The stock is jumping 20% as two Canadian mining companies teamed up on an unsolicited $4.8 billion offer to break up an earlier merger agreement with South Africa's Gold Fields. South Africa's Gold Fields had agreed to take over Yamana for $6.7... Read More

November 3, 2022

People want to travel. Booking Holding (BKNG) the parent for Priceline and Kayak is up 4% on earnings which rose 41% as revenue rose 29% to $6.1 billion. Management is encouraged by the slight improvement in room night growth we have seen in October and by the level of... Read More

November 2, 2022

Caesars Entertainment (CZR) up 3% following earnings. Caesar easily beat expectations, returning to profitability as revenue rose 7.5% to $2.89 billion. Caesars Digital reported strong revenue growth in the quarter and a smaller than expected EBITDA loss driven by improved operating efficiencies. It must be due to those... Read More

November 1, 2022

Uber (UBER) riding along just fine. The ride-sharing company is up 11% following earnings as revenue rose 72% to $8.3 billion above pre-pandemic levels. Management sees no signs of a slowdown as per rider trips continue to increase even among lower-income customers, assuaging concerns about rising inflation and a... Read More

October 28, 2022

Gilead (GILD) having a good a day. The HIV drug maker is up 11% to a three year high following earnings. Gilead easily beat estimates as sales fell 5%. Covid treatment declined 52% on lower Covid hospitalizations and less severe infections. However, their cancer drug sales surged 79%.... Read More

October 27, 2022

Caterpillar (CAT) continues to chug along. The construction-equipment company is jumping 8% to a five-month high following better than expected earnings as revenues rose 20% to $14.99 billion. The strength was in North America where sales rose 33%. Sales have slowed in Europe and Asia, but are still showing... Read More

October 26, 2022

  Harley Davidson (HOG) is higher following earnings. Harley is up 12% after beating estimates and raising guidance. Sales rose 21% as supple chain issues are easing. The company also completed a public listing of their electric motorcycle division called, LiveWire.   Not a good day for tech stocks. Google (span... Read More

October 25, 2022

GM (GM) is up 4% following earnings. General Motors beat Wall Street's consensus third-quarter profit estimate on record revenue and affirmed its guidance for the year thanks to strong sales of its luxury Cadillac SUVs and largest trucks, an indicator that rising interest rates have not yet hit its business.... Read More

October 24, 2022

Upgrade for AT&T (T). AT&T is up 2.5% as the analyst at Raymond James upgraded the stock for the first time in three years thanks to better-than-expected earnings and more confidence the company can deliver on strong cash flow to keep paying their 5% dividend.  Investing in China looks less... Read More

October 21, 2022

Oil is gushing at Schlumberger (SLB). The oil producer is up 8% as revenue rose 27.9% to $7.48 billion. It was their best profit in seven years. The company also raised guidance for the rest of 2022 as overseas drillers put oil and gas rigs back to work, following... Read More

October 20, 2022

Two blue chips rising today. AT&T (T) is higher by 7% to a one month high thanks to strong wireless and broadband growth. IBM (IBM) is higher by 4% thanks to better than expected earnings and raised guidance as their shift to cloud computing and software continues to... 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.