February 24, 2021
JNJ (JNJ) inching closer to approval of their COVID-19 vaccine. JNJ is up 2% as the FDA released a lengthy analysis supporting their Covid-19 vaccine. Final approval may come soon. The downside is JNJ only has 4 million doses of their vaccine ready to go... Read More
February 23, 2021
Avis Budget (CAR) higher on insider buying. Car rental company is up 5% after their CFO bought $1.1 million worth of stock last week. To cut costs, Avis removed roughly 250,000 vehicles from their global fleet since last spring.
Tesla (TSLA) takes a hit on their bitcoin purchase.... Read More
February 22, 2021
Merger Monday. People's United Financial (PBCT) is up 14% after agreeing to be acquired by M&T Bank for $7.6 billion. Cooper Tires (CTB) is jumping 30% after agreeing to be acquired by Goodyear (GT). Goodyear is up 22%.
Petrobras (PBR) is down 20% wiping out 70 billion reais... Read More
February 19, 2021
Deere (DE) running strong. Industrial giant is up 8% to new high following strong earnings and raised guidance. Earnings nearly doubled expectations as sales rose 23% to $8.05 billion. Elevated crop prices and an improving farm economy signaling improving conditions for Deere.... Read More
February 18, 2021
Wells Fargo (WFC) is up a percent to an eleven-month high on an upgrade and optimism of the removal of the extremely costly $1.95 trillion asset cap. Officials from the Federal Reserve, which placed the asset cap on the bank in 2018, have apparently approved the bank's proposal for... Read More
February 17, 2021
Verizon (VZ) getting a lift from Warren Buffett. Verizon is up 4% after it was disclosed last night Berkshire Hathaway invested $8 billion in the stock last quarter. Bristol Myers and Chevron are both up 2% as Berkshire invested billions in those two stocks as well. Three great dividend stocks.
Profit-taking... Read More
February 16, 2021
Oil is back. Chevron (CVX) is up 2% near recent highs as cold weather in Texas has frozen wind turbines contributing to rolling power blackouts across the state. Good news is oil does not freeze.
Vaccinating the public has not helped this stock. CVS Health (CVS) is down... Read More
February 12, 2021
Illumina (ILMN) shining brightly. The genomic sequencing pioneer jumped 11% following better than expected earnings. The company's adjusted earnings came in at $179 million as sales rose 20% to $953 million. The company expects a continued recovery from the pandemic, with sales growth of 17% to 20% on 2021.
Another... Read More
February 11, 2021
Bumble (BMBL) not bumbling their IPO. The online dating app debuted today up 80% after raising $2.2 billion in their IPO valuing the company at over $7 billion. Bumble operates dating apps Badoo and Bumble, grew revenue from $360 million in 2018 to $489 million in 2019.... Read More
February 10, 2021
Tilray (TLRY) is higher following online chatter. The cannabis stock is higher by 25% as a group on Reddit were encouraging each other to buy the stock similar to the chatter on GameStop last month. Here we go again. Profit-taking in GM (GM) and Cisco Systems (CSCO). GM is lower by 4%... Read More
February 9, 2021
Tire sales are back. Goodyear Tire & Rubber (GT) is jumping 6% to a new 52-week high following earnings. Earnings easily beat expectations as sales remain lackluster. Demand for tires has been weak during the pandemic as no one was driving. But with the reopening of the economy, tire demand... Read More
February 8, 2021
General Motors (GM) is taking on Norway. GM is up 4% making a new high following a humorous Super Bowl ad to promote its ambitious push to get more Americans to buy electric vehicles. GM has set a goal of making the vast majority of their vehicles electric by 2035... Read More
February 5, 2021
Penn National Gaming (PENN) is on a roll. The stock is up 8% today after jumping over 10% yesterday following earnings. Penn actually missed earnings and sales estimates, but investors don't care. The company launched Barstool Sportsbook app in Michigan last month and is confident about expanding it to... Read More
February 4, 2021
Paypal (PYPL) benefited from the pandemic. PayPal is up 6% to new highs as user growth has gone through the roof, driven by the pandemic. One analyst at Atlantic Equities upgraded the stock with a $315 price target. With a market cap of over $300 billion, Paypal is worth... Read More
February 3, 2021
Cannabis stocks are back. GW Pharmaceuticals (GWPH) is jumping 45% after agreeing to be acquired by Jazz Pharma for $7.6 billion. The deal brings together two profitable and growing biotech companies with complementary businesses. GW Pharmaceutical has a cannabis drug for treatment of early-onset seizure disorders. Jazz has a... Read More
February 2, 2021
Exxon Mobil (XOM) higher following earnings. Exxon is up 2% after suffering its first annual loss in decades as energy plunged. Exxon lost $22.4 billion as the company made drastic cuts to its workforce and investment plans. 2021 should be better as Exxon will focus on reducing pollution by... Read More
February 1, 2021
Silver on the rise. Silver is the latest sector to skyrocket up 7% today. Canadian silver miner, First Majestic Silver (AG) is jumping 20% thanks to the silver price hike. The company owns silver producing mines in Mexico. The Mexican government isn't too happy with the firm requesting $260.9 million... Read More
January 29, 2021
Novavax (NVAX) jumps 64% to a six-year high Friday after the company reported its experimental coronavirus vaccine was nearly 90% effective in a final-phase test. The experimental, two-shot vaccine was 89.3% effective against Covid-19 in a U.K. study, Novavax's jab was also effective against the U.K. and South Africa... Read More
January 28, 2021
American Airlines (AAL) is the latest heavily shorted stock to move higher. American is up 9% following dismal earnings as sales fell 64% year over year. American is in a tough position losing money every quarter as the debt mounts.
Easy come, easy go. AMC Entertainment (AMC)... Read More
January 27, 2021
AMC Entertainment (AMC) and GameStop (GME) are skyrocketing up 200% and 130% respectively as two heavily shorted stocks are getting a lot of attention by traders and hedge fund managers pushing the stocks. This typically doesn't end well.
Boeing (BA) taking a hit. Boeing is down 3%, but... Read More
January 26, 2021
Earnings coming in better than expected. GE (GE) is up 7% while Raytheon Tech (RTX) is up 5% following earnings. GE's earnings were lackluster, but Raytheon beat as their backlog for commercial aerospace and defense grew along with their cashflow thanks to the merger with United Tech. Profit-taking in Verizon... Read More
January 25, 2021
Apple (AAPL) higher ahead of earnings. Apple is up 2% to new highs thanks to an upgrade before earnings Wednesday. The target was raised to a Street-high $175 a share. Apple also received a number of upgrades last week as many in the industry are expecting a super cycle... Read More
January 22, 2021
Walmart (WMT) stepping up to provide vaccinations. Walmart is up a percent as they will offer COVID-19 vaccinations in seven additional states with the goal of delivering 10-13 million doses per month when supply and allocations are allowed.
IBM (IBM) cannot get out of its own way. The... Read More
January 21, 2021
Ford (F) trading at a two-year high. The automaker is up 5% today and up 35% in the last month as investors get more enthusiastic about their electric vehicles, including its flagship F-150 pickup. CNBC's Jim Cramer also gave it a favorable mention.
Oil stocks taking a hit. Chevron (CVX)... Read More
January 20, 2021
Netflix (NFLX) continues to grow. The streaming giant is up 14% following strong earnings. The company raised guidance as they added 8 million new subscribers. Netflix also expects to add 6 million new subscribers in the first quarter and no longer needs to raise external financing. Not bad.
Profit-taking in... Read More
January 19, 2021
General Motors (GM) gets a boost from Microsoft. General Motors jumped 9% to new highs as Microsoft is joining GM, Honda and others in a $2 billion investment round in Cruise to help commercialize its self-driving cars. The investment is part of a broader commitment by GM and Cruise to... Read More
January 15, 2021
More stimulus is good for Home Depot (HD). The do-it-yourself retailing giant rose 2% today after President-elect Biden announced further stimulus once he is in the office. While many Americans need the stimulus checks, the others are heading to Home Depot to upgrade their homes.
Profit-taking in the big banks. Citigroup... Read More
January 14, 2021
Delta (DAL) rebounding, hoping for brighter skies in 2021. Delta is up 2% following disappointing earnings. The devastating COVID-19 pandemic took a steep toll on Delta Air Lines' bottom line in the fourth quarter even as more Americans took to the skies during the holiday season. The CEO... Read More
January 13, 2021
Good news for Intel (INTC) is bad news for VMWare Inc. Intel jumped 6% today, one of its best days in years, as the chip company announced they will hire VMWare's CEO, Pat Gelsinger to replace Bob Swan who is stepping down. Intel is calling Mr. Gelsinger a... Read More
January 12, 2021
Alternative energy acting well. Fuel cell company, Plug Power (PLUG) rose 22% on news of a 50-50 joint venture to put Plug fuel cells in Renault commercial vans in Europe. The new joint venture with Renault will dominate 30% of the European market for fuel-cell-powered light commercial vehicles, and... 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.