Diamonds and Dogs

July 26, 2021

Kids are buying toys again. Hasbro (HAS) is up 11% to a new high following strong earnings as sales rose 53% to $1.32 billion. Hasbro is seeing results across all key metrics including Marvel's Star Wars and Disney Princess and card games like Magic: The Gathering and Dungeon &... Read More

July 23, 2021

American consumers are back. American Express (AXP) is up 4% to new highs following strong earnings as the American consumer is in good shape and willing to put their shopping splurges on some plastic. Easy come, easy go. After a big run up last year, Boston Beer (SAM) is... Read More

July 22, 2021

Blackstone (BX) having a good day. The asset management firm is up 4% to new highs following strong earnings. Blackstone beat estimates as sales rose 90.3% to $2.12 billion. The company reported a record $684 billion in total assets under management, a 21% increase year over year. Didi Global (DIDI)... Read More

July 21, 2021

Chipotle (CMG) is crushing it.  The Mexican-food restaurant is up 12% to new highs following strong earnings. Chipotle beat estimates by a dollar as sales rose 38.7% to $1.89 billion. Good news is Chipotle is seeing no slow in business due to the new COVID-19 variant. Netflix (NFLX) missed... Read More

July 20, 2021

Dover Corporation (DOV) looks good. The industrial stock is up 6% to a new high following strong earnings as sales rose 35% to $2.03 billion. The company also raised guidance which is a good sign for global growth. Phillip Morris (PM) up in smoke. The tobacco stock is down 3%... Read More

July 19, 2021

What correction? Peloton (PTON) rose 7% as rising cased of COVID-19 sent investors back into the stay-at-home plays. Not sure this will work long term, but it worked today. Vacation on hold again? The Delta Covid variant has become the dominant strain in the United States, and some regions in... Read More

July 16, 2021

Moderna (MRNA) higher on an upgrade and news they are getting added to the S&P 500. Moderna is up 8% to new highs as they will be added to the S&P 500 next week. Jefferies analyst upgraded the stock saying the company is the, "Tesla of biotech", however, his... Read More

July 15, 2021

SeaWorld (SEAS) higher on an upgrade. SeaWorld is up 2% on an upgrade due to stronger visitation/spending trends as well as additional cost save opportunities. SeaWorld Orlando was also recently voted the Best Amusement Park in the county by USA Today. SeaWorld's thrilling hyper-coaster called, Mako can hit... Read More

July 14, 2021

Apple (AAPL) lifting the major averages. Apple is up 2% to new highs on a Bloomberg report that the company has asked suppliers for 90 million iPhones this year, a 20% jump from the shipments in 2020. This will be the second generation of iPhones with 5G. JP Morgan... Read More

July 13, 2021

Pepsi (PEP) benefitting from the reopening of the economy. Pepsi is up 2% to new highs following strong earnings as revenue rose 20.5% to $19.22 billion. Pepsi sales have reaccelerated with the reopening of restaurants and the economy along with indications they are taking market share from Coke. More bad... Read More

July 12, 2021

Streaming is working. Disney (DIS) is up 2% after their movie, "Black Widow" captured $80 million in its first weekend, the biggest opening weekend since the pandemic. Even better news for Disney was $60 million of the $80 domestic box office was generated on their Disney+ streaming platform. Not... Read More

July 9, 2021

Stamps.com (STMP) going private. The stock is rocketing 63% after Thoma Bravo agreed to buy the e-commerce shipping provider for $6.6 billion. The transaction is expected to close in the third quarter, subject to customary closing conditions and approval by Stamps.com stockholders. Pfizer (PFE) looking for a booster. Pfizer... Read More

July 8, 2021

No squeaky wheels at WD-40 (WDFC). The oil and grease company is up 2% to a three month high following earnings. WD-40 easily beat expectations as sales rose 38.8% to $136.41 million. The company also raised guidance due to unprecedented demand for their maintenance products. Railroad stocks taking a hit.... Read More

July 7, 2021

Boston Beer (SAM) riding the seltzer craze. The stock is up 2.5% on an upgrade. Hard seltzers burst into prominence the last couple of years and Boston Beer is well positioned with their Truly brand. Otis Worldwide (OTIS) higher on an upgrade. Otis is pushing all the right buttons... Read More

July 6, 2021

Nice bump for the new CEO. Amazon (AMZN) is up 3% to a new recent high as Andy Jassy succeeds founder Jeff Bezos on the 27th anniversary of the founding of the company. Jassy, who has been with Amazon.com for 24 years, has been running the company's Amazon... Read More

July 2, 2021

NVIDIA (NVDA) is on a roll. The chip giant is up a percent today and up 50% year to date as business continues to improve. Nvidia has received numerous upgrades with the last price target of $1000 a share. Nvidia now has a market cap of half a... Read More

July 1, 2021

Smith & Wesson (SWBI) is up 4% today and up 80% in the last two weeks as gun sales remain strong. A number of states are easing rules and laws to make it easier to carry guns in public. Iowa, Tennessee and Wyoming joined the list of states that... Read More

June 30, 2021

A good year for oil. ConocoPhillips (COP) is up 3% near yearly highs after adding $1 billion to its share buyback program for 2021, boosting its planned distributions to shareholders for the year to about $6 billion, or 7% of its current market cap. In a statement released ahead... Read More

June 29, 2021

The big banks pass their stress test. Morgan Stanley (MS) is up 3% doubles their dividend boosting the yield to 3.1%. They also announced a $12 billion annual share-repurchase program. The investment bank's new dividend and buyback exceeded estimates by 77% and 8%, respectively. Citigroup© passed their stress test as well,... Read More

June 28, 2021

AMC Entertainment (AMC) is up 6% following the release of the latest Fast and Furious movie. The ninth film in the Fast and Furious franchise rang up an estimated $70 million in domestic ticket sales over the weekend. You have to go back to the ninth installment of... Read More

June 25, 2021

Nike (NKE) sprints higher. Nike is up 13% to new highs following strong earnings as sales rose 94.8% to $12.3 billion. Nike direct sales rose 73% to $4.5 billion, during the fourth quarter. Wholesale shipments were higher as well. Year-over-year digital sales growth was 147% as demand for athleticwear... Read More

June 24, 2021

Eli Lilly (LLY) soaring today. The drug maker is up 7% after the FDA granted breakthrough therapy designation to Lilly's experimental Alzheimer's disease drug donanemab. Lilly also said that it plans to file for accelerated FDA approval of the drug later this year. The drug could produce... Read More

June 23, 2021

Ford Motor (F) up 4% near a yearly high as the company develops an electric Mustang Mach-E GT that meets EPA standards and can go at least 260 miles on a single charge. Barclays upgraded Ford yesterday with a $17 price target. Moderna (MRNA) and Pfizer (PFE) taking... Read More

June 22, 2021

Corny name doing well. The consulting firm, Korn Ferry (KFY) is up 4% to new highs following strong earnings and raised guidance. With companies trying to find qualified workers, consulting firms like Korn Ferry are in strong demand. Korn Ferry also sponsors the junior PGA tour. American Airlines (span... Read More

June 21, 2021

Upgrade for oil stocks. Devon Energy (DVN) rose 6% while Pioneer Natural Resources (PXD) rose 3% on upgrades. Bank of America is forecasting the possibility of $100 oil next year. Cryptocurrency/bitcoin-exposed names are sharply lower on reports that Chinese authorities are furthering a crackdown on crypto mining by not... Read More

June 18, 2021

Some tech escapes sell off. Adobe (ADBE) is up 2% to new highs following strong earnings. Adobe easily beat expectations as sales rose 22.7% to $3.84 billion. The company also raised guidance as the reopening of the economy and return to offices after the pandemic should provide a tailwind... Read More

June 17, 2021

Tech is shining today. Nvidia (NVDA) is up 5% to new highs following an upgrade at Jefferies with a new price target of $854. The analyst expects Nvidia's dominant position to keep expanding over the coming years. Separately, Nvidia said it will invest at least $100 million on a... Read More

June 16, 2021

Regeneron Pharmaceuticals (REGN) positive data for their COVID-19 antibody therapy. The stock is up a percent as their antibody can cut the risk of death in patients who have been hospitalized by 20%. This is the first-time clinical research has demonstrated that Regeneron's antibody treatment has improved survival for... Read More

June 15, 2021

Oil stocks continue to perform well. Exxon Mobil (XOM and Chevron (CVX) are up 2% as the price of oil climbs past the psychological $70 per barrel benchmark. The summer driving season kicked off in the U.S. over Memorial Day weekend as Covid-19 cases continue to go down... Read More

June 14, 2021

Apple (AAPL) perking up. Apple is up 2% to a two-month high following Apple's Developers Conference last week following the introduction of new products including Macbook and a new Watch that will track breathing, respiratory and sleeping patterns. Lordstown Motors (RIDE) has seen better days. The electronic full size... 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.