Diamonds and Dogs

May 20, 2022

American Tower (AMT) rising tall. The wireless phone tower company stock is up 3% after rewarding its investors with a 2.1% sequential hike in the quarterly dividend on the company's common stock. The advancement in mobile technology and the proliferation of bandwidth-intensive applications are propelling growth in mobile data... Read More

May 19, 2022

Live Nation (LYV) is jamming as live event demand is booming. The stock is up 5% as demand for live events is still booming. Citing high demand, the company also raised its full-year revenue guidance by $10 million, projecting 2022 full-year revenue of between $520-$555 million. Cisco (CSCO) latest... Read More

May 18, 2022

TJX (TJX) bucking the trend. The clothing retailer is up 6% following earnings. Earnings were not great, beating by 8 cents as sales missed estimates and then provided downside guidance for the second quarter. Many of the retailers are providing downside guidance. Profit margins were better than expected... Read More

May 16, 2022

Spirit Airline (SAVE) jumps on hostile takeover. Spirit is up 13% as JetBlue continues its persuit of Spirit. Spirit is still planning to merge with Frontier on a $6.6 billion tie up. Now its up to Spirit Airlines shareholders as JetBlue's offer of $33 per share could be a... Read More

May 13, 2022

Affirm Holdings (AFRM) having a good day. Th digital and mobile-first commerce platform stock is up 30% following earnings. The buy now, pay later firm reported a loss, but sales rose 53% to $354.8 million. Affirm raised guidance expecting to achieve a sustained profitability run rate on an adjusted... Read More

May 12, 2022

Bumble (BMBL) one of the few stocks trading higher. The online dating site is up 23% following earnings. Earnings easily beat as sales rose 23% to $211.2 million as more people paid for the dating app in the latest quarter. The number of paying users exceeded three million, with... Read More

May 10, 2022

Sysco Corp (SYY) looking good. The food distributor that specializes in foods away from home is jumping 6% following earnings. Revenues rose 42% to $16.9 billion as the pandemic wanes and people go back to more normal eating habits like dinning out. Peloton (PTON) continues to down shift. The... Read More

May 9, 2022

BioNTech (BNTX) reports strong COVID-19 vaccine sales. German biotech stock is up 6% after easily beating estimates as sales rose 211% to $6.37 billion. BioNTech reiterated its outlook for 2022, including Covid vaccine revenue of €13 billion to €17 billion. The company also reiterated plans announced in March for... Read More

May 6, 2022

Cigna (CI) jumps 5% following earnings. The health insurer easily beat estimates as revenue rose 7% to $44.01 billion. Cigna raised estimates due to a decline in COVID-related costs and pent-up demand for medical procedures like blood screenings, preventive exams, mammograms and colonoscopy that were delayed due to the pandemic. Another... Read More

May 5, 2022

Booking Holdings (BKNG) is expecting a busy summer travel season. The owner of Priceline and Kayak is up 5% following strong earnings as revenues rose 136% to $2.7 billion. Despite an uncertain macroeconomic environment, Bookings has seen continued strengthening of global travel trends so far in the second quarter... Read More

May 4, 2022

Advanced Micro Devices (AMD) still sees strong chip demand. The stock is up 3% following strong earnings. Sales rose 70% to $5.89 billion. AMD boosted their full-year revenue outlook, as cloud demand more than offset a slump on PC-related sales. AMD also closed on their Xilinx merger... Read More

May 3, 2022

Mosaic (MOS) rises on strong pricing and demand. The fertilizer company is up 8% following earnings as sales surged 70% to $3.92 billion. Russia and Belarus account for 40% of the global supply of fertilizer ingredients like nitrogen, phosphate, and potash. Ukraine and Russia account for 25% of the... Read More

May 2, 2022

Roku (ROKU) is jumping 7% after announcing they will be adding Apple Music app, a premium music subscription service, to all of their Roku platforms. Users will be able to access over 90 million songs and 30,000 expert-curated playlists for any occasion, ad-free on the Apple Music app. The... Read More

April 28, 2022

Facebook/Meta Platforms (FB) is growing again. The social network giant is up 17% following better than expected earnings. Sales rose 6.5% to $27.91 billion. The biggest improvement came from active users that grew to 1.96 billion, up 6% year over year. The platform's monthly active users of 2.94 billion climbed... Read More

April 27, 2022

Visa (V) earnings shows the economy remains strong. The world's largest payments processor is jumping 8% as earnings easily beat as revenues rose 25.5% to $7.19 billion. Travel accounted for nearly a quarter of their business. Going forward, pulling their business out of Russia will hit revenue in the second... Read More

April 26, 2022

Paint wins. Sherwin-Williams (SHW) bucks the trend, rising 9% following strong earnings thanks to strong demand. Management believes the worst of the industry supply chain challenges are now behind them. General Electric (GE) can't get out of its own way. The stock fell 10%, the most in the S&P 500... Read More

April 25, 2022

Vail Resorts (MTN) had a good ski season. The stock rose 5% as ski season metrics showed growth of 12% with strong lift ticket sales for next year that could exceed upside guidance. Season-to-date ski school revenue was up 53.0% and dining revenue was up 73.2% compared to the... Read More

April 22, 2022

Twitter (TWTR) jumps 4% in a leverage buyout offer from Elon Musk. It is the biggest acquisition financing ever put forward for one person. Elon Musk will offer a $46.5 billion offer for Twitter with two-thirds of the financing package to be supported by his assets, with the remainder... Read More

April 21, 2022

A good week for the airlines. United Airlines (UAL) is up 9% to a five-month high following earnings. UAL reported a loss, but expects to be profitable in the second quarter and full year as demand has rebounded strongly. Second quarter revenues could be the highest in history... Read More

April 20, 2022

IBM (IBM) strong following earnings. IBM is up 7% to a two month high after beating estimates and reporting strong demand for their software and consulting business. IBM spun off their slow growth mainframe business last year becoming more of a pure software and growth play.... Read More

April 19, 2022

Masks are coming off. The airlines are flying higher after a Florida judge struck down a mask mandate on public transportation that includes airplanes, buses, and trains, most major US airlines. American Airlines is up 5% as they will no longer require passengers to wear masks. The TSA also... Read More

April 18, 2022

Bank of America (BAC) higher following earnings. The big banks took it on the chin last week, but a better-than-expected report from Bank of America and bullish forecast are lifting the big banks. The CEO said the size of the economy is bigger than pre-pandemic levels, consumer spending... Read More

April 8, 2022

Drug store and grocers look good. Kroger (KR) is up nearly 3% on an upgrade at Bank of America. Billionaire, Carl Icahn is an activist investor in the company. Albertsons (ACI) is up 2% an upgrade. CVS Health (CVS) is also acting well up nearly 3%. Robinhood (span... Read More

April 7, 2022

HP (HPQ) having a good day. The PC/printer maker is up 16% making a new high today on news Warren Buffett's Berkshire Hathaway has taken an 11.4% stake valued at about $4.2 billion. HP has benefited from the increased demand as people spend more time working and being schooled... Read More

April 6, 2022

Strong upgrade for Occidental Petroleum (OXY). Occidental is up 2% today as the analyst at Stifel upgraded the stock with a $86 price target or 45% above current levels. Oil remains the best performing sector year to date, up 40%. The Utility sector is the only other sector in... Read More

April 5, 2022

Carnival (CCL) getting bookings. The world's biggest cruise operator Carnival Corp on Tuesday reported its busiest booking week in history as leisure travel continues to rebound from a long pandemic-led hiatus. The U.S. Centers for Disease Control and Prevention (CDC)removed its COVID-19 notice against cruise travel on March... Read More

April 4, 2022

Twitter (TWTR) jumps on Elon Musk stake. Twitter is up 25%, biggest jump in six years, as an SEC filing disclosed Elon Musk bought 73.5 million shares or a 9.2% stake in Twitter worth $3.5 billion. No comment on what Musk will do with his investment, but he... Read More

April 1, 2022

Wynn Resorts (WYNN) higher on an upgrade. The current gaming revenue in China is not pretty as Covid-19 is still weighing on gambling, but Citigroup upgraded the stock saying Wynn is poised to shift away from trading on pandemic waves. The analyst has a price target of $96.50 a... Read More

March 31, 2022

The cruise industry is finally getting some good news. The CDC removed its travel health notice for cruise ships for the first time since March 2020. Carnival (CCL), the world's largest cruise company, is up 3%. The company has 66 ships currently in service, but anticipates it will... Read More

March 30, 2022

Lululemon (LULU) stretches higher. The athletic apparel maker is up 11% following strong earnings and guidance. This follows a similar call from rival Nike indicating that the consumer is doing well. Lululemon is also entering the shoe business with a line called, Blissfeel. RH (RH) lower following earnings. The home... 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.