Check the background of this firm on FINRA's BrokerCheck.
112 Albany Street, Cazenovia, NY 13035 (315) 655-2964 Toll Free: 1-800-659-8044
Check the background of this firm on FINRA's BrokerCheck.
3M (MMM) is lifting the Dow with a 21% rally, its best day since 1972, after beating earnings by a wide margin and then raising guidance as the new CEO vowed to reinvigorate the iconic manufacturer's innovation engine. Back in May, 3M spun off their huge health-care products... Read More
Raytheon (RTX) jumps 9% to a new high on strong earnings and raised guidance. Earnings beat as revenue rose 7.7% to $19.72 billion. Organic sales growth of 10% in the quarter gave management the confidence to raise guidance. Commercial aerospace was a bright spot for RTX while demand... Read More
AT&T (T) finally a diamond following better than expected earnings, trading up 5% near a 52-week high. AT&T actually beat earnings estimates with better than expected wireless subscriber growth a second-straight quarter. AT&T is not convinced consumers will upgrade to AI phones when they come out. The stock is now... Read More
A couple regional banks look good. Local bank, NBT Bancorp (NBTB) is up 6% while Zions Bancorp (ZION) is up 5%. Both reported earnings recently and both trade at 52 week highs.
United Parcel Service (UPS) is experiencing weakness in the economy. UPS shares are down...
Read MoreBarbie and Hot Wheels are in play. Mattel (MAT) jumped 15% today following a report or rumor the firm received an acquisition offer from LVMH-backed private equity firm L Catterton, a French luxury conglomerate. to as LVMH. CrowdStrike, bad to bad dogs of the day. CrowdStrike (CRWD) fell... Read More
Drill, baby drill. Schlumberger (SLB) is up 2% following strong earnings and sales growth, particularly Internationally. SLB saw strong cash flows supporting their full-year guidance. Going forward, the company sees strong revenue growth, margin expansion, and cash generation in 2025.
CrowdStrike, (CRWD) down 11% has seen better days....
Read MoreRoche Holdings (ROG) is the diamond today jumping 5% as their promising weight loss pill is showing positive results in early stages of a clinical trial. Patients have lost 6% of their body weight in just four weeks with the same side effects of other weight loss drugs like... Read More
A perfect Match. Online dating stocks, Match Group (MTCH) is jumping 9% as a private equity group, Starboard Value bought a large stake in the firm calling the stock a "deeply undervalued play." Even with today's rally, the stock is down nearly 70% in the last four years. The banks... Read More
Tesla (TSLA) is higher by 4%, Coincidently, CEO Elon Musk has endorsed former President Trump. Musk also signaled today the automaker would take more time to unveil its robotaxi so it can incorporate an important design change to the front of the vehicle. The initial unveiling was to... Read More
Russell 2000 (RUT) is the diamond of the day and the week, up nearly 6% since Monday.ollowing the economy data out the last couple of days, investors are warming up to soft landing for the broader economy, which would give a boost to the small and mid cap stocks... Read More
The rally today was in the tech space once again with Nvidia (NVDA) up 2.45% on an upgrade from KeyBanc to hike its price target on the chipmaker to $180, implying upside of 40% from Monday's close. The rest of the chips were quiet with only Intel and Micron...
Read More
AI stocks are performing well as Corning (GLW) provides upbeat guidance. Corning is up 11% to a 52 week high as the best performing S&P 500 component after saying their earnings will be at the high end of guidance while raising sales guidance thanks to strong demand for their... Read More
Macys is jumping 9% as the private groups trying to purchase Macy's boosted their offer for a second time. Investment firm Arkhouse Management and asset manager Brigade Capital Management have now offered Macy's roughly $6.9 billion, or $24.80 a share for the department retailer or $300 million more than the... Read More
Three for three this week as Tesla (TSLA) rises once again up another 6% today after rallying 9% and 5% the previous two days. The stock is up over 30% in the last two weeks following better than expected second quarter deliveries and a slew of upgrades. Wedbush upgraded... Read More
Tesla (TSLA) is the big winner for a second day, up 8% after announcing better deliveries than expected while also reducing inventory. Tesla probably delivered about 10,000 more Cybertrucks in the second quarter than it did in the first quarter. Equally impressive news, Tesla deployed 9.4 gigawatt hours of... Read More
Tesla (TSLA) is the big winner to start the second quarter, up 5% on an upgrade. Tesla was added to the Tactical Ideas list at Wells Fargo as the stock is trading at its best level since March. Tomorrow, Tesla will report its quarterly production and delivery report. AI... Read More
Uber (UBER) closing out the month and quarter with a 2% rally. Today's rally comes as Uber resolves a long-standing lawsuit from the state of Massachusetts which gave drivers access to new protections, benefits and higher minimum wage. Uber has a new sales pitch where they will pay $1,000... Read More
Barbeque season is on! McCormick and Co (MKC) is up 6% as one of the top performers in the S&P 500 following better than expected earnings. The seasonings and flavorings maker beat by 10 cents as sales actually fell 1% to $1.64 billion. The company is optimistic about improving... Read More
Rivian (RIVN) jumps 22% after Volkswagen announces a $5 billion EV joint venture. Rivian gets much needed cash for operations while Volkswagen will get stock and the right to use Rivian's EV and software technology. General Mills (GIS) is pulling back following earnings. The maker of Wheaties and Cheerios... Read More
People are ready to travel. Carnival Corp (CCL) is up 8% as the cruise line operator reported better-than-expected second quarter earnings and guidance for the full year. Revenue rose 17% year over year. Carnival said booking volumes hit an all-time high as travelers continue to seek out newer experiences... Read More
The price of oil is up a percent today as tensions simmer in the Middle East. Oil and gas demand should rise heading into the fourth of July and the start of the summer driving season. Exxon (XOM) and Chevron (CVX) are both up over 2% today. Sector rotation... Read More
Gilead Science (GILD) extended its gains up 3% after rallying over 5% yesterday following 100% efficacy results for its HIV treatment trial, claiming it's the first Phase 3 HIV prevention trial ever to show zero Infections. Even with the two day rally of over 8%, Gilead is... Read More
The lone AI chip stock higher today, Advanced Micro Devices (AMD) is up 3% thanks to an upgrade at Piper Sandler as its Top Pick for the second half of the year with accelerated growth prospects. Jabil (JBL) drops after earnings. The electronic device maker is down 9% even... Read More
Cedar Fair (FUN) is having a good day up 6% after announcing the merger date of July 1st with Six Flags. The combined company will operate under the name Six Flags Entertainment with the same ticker of "FUN." Six Flags will also issue a special dividend of $1.53... Read More
Adobe (ADBE) is jumping 14% following earnings that beat estimates while the outlook for the rest of the year remains strong. A dog today is in the retail sector. Restoration Hardware (RH) is down over 15% after they missed estimates by 27 cents even as revenue was in line. Guidance... Read More
Tech continues to shine as Broadcom (AVGO) jumps 12% after releasing better than expected earnings report and outlook, and announcing a 10-for-1 stock split. Broadcom attributed the better than expected earnings due to AI products and strong demand. Broadcom's earnings helped lift Nvidia, Qualcomm and Micron. Dave and Busters (span... Read More
Oracle (ORCL) is the diamond today following earnings. The software giant is up to Oracle up 12% to a new high even as earnings and sales missed estimates. Sales actually only grew 3%, But going forward, the company did announce cloud deals with Google Cloud and Open AI. Energy is... Read More
About face for Apple (AAPL) as the stock jumps 6% to new highs one day after their development conference where they introduced new uses and functionality for AI with their products. Apple was also upgraded at DA Davidson as they see AI product upgrades in the future. The analyst... Read More
Tech continues to lead.Crowdstrike (CRWD) is jumping 9% on news they will be added to the S&P 500. Nvidia (NVDA) is up a percent after a 10-1 split this morning. Broadcom (AVGO) is up 2 after receiving a positive view in Barron's over the weekend.... Read More
Defense stocks are performing well. Lockheed Martin (LMT) is up a percent near a 52 week high on news Germany is looking to buy eight more F-35 jets. Lockheed also secured a $1.9 billion contract for their HIMARS rocket systems a few weeks back. Not to be outdone,... 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.