Diamonds and Dogs

August 6, 2020

The Big Five leading the averages higher. The major averages are up half a percent thanks to Apple, Amazon.com, Microsoft, Alphabet and Facebook. Facebook is up 5% today and up 15% in the last week.  Apple is up 3% today and up 20% since earnings last week. Amazing run. Insurers taking... Read More

August 5, 2020

Streaming lifting Disney (DIS). Disney is jumping 9% to a two-month high following lackluster earnings as sales fell 41% for the quarter. However, the company did make money and Disney+ has surpassed 100 million paid subscribers worldwide. That includes 60.5 million for Disney Plus through July, nine months after... Read More

August 4, 2020

Ford (F) gets a new CEO. Ford motor is up 2% CEO Jim Hackett will stepdown and be succeeded by COO Jim Farley, who has been at Ford since 2007. The stock price is down 40% under the reign of now former CEO Jim Hackett. Ford... Read More

August 3, 2020

The big are getting bigger. Security firm, ADT (ADT) is up 57% as Google takes a $450 million stake in the home security firm to compete with Apple and Amazon. ADT will begin distributing to Google's Nest home products exclusively.  Read More

July 31, 2020

The tech titans reign. Apple (AAPL), Facebook (FB) and Amazon (AMZN) are all up 5% or more following earnings. Apple will split 4 for 1. Plenty of upgrades for the stocks which sit at or near all-time highs. Google/Alphabet (GOOG) is the lone tech titan lower following... Read More

July 30, 2020

United Parcel Service (UPS) surges 13% to new highs following strong earnings. UPS blew past Wall Street's expectations thanks to pandemic-era demand for e-commerce deliveries, health-care equipment and goods from Asia. Revenue jumped 13% to $20.5 billion in the second quarter, topping the highest analyst estimate and confounding... Read More

July 29, 2020

Full speed ahead for AMD (AMD). The chipmaker is up 12% to new highs following better than expected earnings. AMD beat estimates as sales rose 26% to $1.93 billion. AMD went to raise guidance as they expect business to accelerate into year end. Take that Intel. Aviation... Read More

July 28, 2020

Cummins (CMI) is reviving up their engines. The stock is up 5% to a 52-week high following better than expected earnings. Cummins easily beat estimates even as sales fell 38% to $3.85 billion. Cummins expects sales to improve in the third quarter as their facilities went from complete shutdown... Read More

July 27, 2020

A new chip titan.Taiwan Semiconductor (TSM) is up 7% to new highs following an upgrade and rumors Intel may use them to manufacture their chips. Taiwan already makes chips for Apple. Taiwan's market cap is now nearly $400 billion making it the 12th most valuable stock worldwide. Impressive. Read More

July 24, 2020

Bad news for Intel is good news for AMD (AMD). The chip maker is up 11% to all time highs as Intel's next generation of chips would be delayed and that it may seek a third-party manufacturer to make them. The delay gives AMD the lead and... Read More

July 23, 2020

One regional bank standing out. Huntington Bancshares (HBAN) is up 3% to a one month high following better than expected earnings and raised guidance for the third quarter. Average loans and leases increased 7% to $5.3 billion while noninterest income increased $17 million or 5% thanks to better mortgage... Read More

July 22, 2020

Reopening has been good to Best Buy (BBY). The electronics retailer is jumping 9% after updating guidance. The company now expects sales to rise 2.5% year over year thanks to reopening of their stores. International sales are even better up 8%. Ooh Snap (SNAP). The messaging app company is... Read More

July 21, 2020

Big Blue up in the clouds. IBM (IBM) is up 4% following better than expected earnings as the merger with Red Hat helped lift sales particularly in the cloud computing space. Total cloud revenue came in at $23.5 billion up 20% in the last year.... Read More

July 20, 2020

Consolidation in the oil patch. Noble Energy (NBL) is up 5% after agreeing to be acquired by Chevron for $5 billion. The deal is accretive and cash flow positive. The downside, Noble was worth 2.5 times more to start the year just six months ago. Ouch. Profit taking in PetMed... Read More

July 17, 2020

Sobering news from BlackRock (BLK). The financial stock is up 3% to new highs on strong earnings and record inflows, but they did have some sobering news. CEO Larry Fink made comments stating he believes the economic downturn right now is worse than 2008. Profit-taking in Netflix (NFLX).... Read More

July 16, 2020

Domino's Pizza (DPZ) remains red hot. Domino's is up a percent to a new all-time high following earnings. Same-store sale in the US rose 16.1% in the second quarter up sharply from the 2.1% growth logged in the same period last year. Twitter (TWTR) hacked. The social media company's... Read More

July 15, 2020

Moderna's (MRNA) vaccine seems to be working. The drug maker is up 12% after reporting positive data from an early trial of its experimental coronavirus vaccine. Moderna said the phase 1 trial of MRNA-1273, its proposed coronavirus vaccine candidate, induced antibody reactions in all 45 patient participants, with no... Read More

July 14, 2020

JP Morgan Chase (JPM) remains a port in the storm. JP Morgan is up a percent following earnings. The earnings were not spectacular as loan losses increase, but thanks to their fortress balance sheet and earnings power, JP Morgan can absorb even more credit reserves if needed while still... Read More

July 13, 2020

Pfizer (PFE) and BioNTech (BNTX) are lifting the markets. The two drug companies are up 5% and 14% respectively as their combined COVID-19 vaccine candidates have received Fast Track designation from the U.S. Food and Drug Administration (FDA). 

 

 

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July 10, 2020

Netflix (NFLX) remains red hot. The streaming giant is up 6% to new highs as Goldman Sachs upgrades the stock predicting that Netflix has added over 12 million new subscribers verse estimates of 7.5 million new subscribers. The analyst raised his earnings estimates and price target to $670 a... Read More

July 9, 2020

Nvidia (NVDA) surpasses Intel as the largest chipmaker. The graphic chipmaker is up 2% to new highs surpassing Intel with a market cap of $257 billion. For the year, Nvidia shares have gained 74% while Intel shares have slipped 2%, compared with a 11% gain in the PHLX... Read More

July 8, 2020

Alibaba Group (BABA) may spin off their financial arm. The Chinese Amazon is up 8% to new all-time highs as the company considers an IPO for Ant Financial Services Group, their fintech division which could be worth $200 billion. Alibaba's market cap is now $700 billion or half... Read More

July 7, 2020

Novavax (NVAX) jumps 25% on federal funding. The biotech firm received $1.6 billion from the federal government to accelerate their COVID-19 vaccine development program. The funds will be used to complete late-stage clinical development of its vaccine candidate for Phase 3 trials and scale up manufacturing aiming to deliver... Read More

July 6, 2020

Tesla (TSLA) likes the shorts. Tesla is up 10% to new highs on another upgrade with a $1500 price target. Elon Musk also made fun of people shorting his stock by selling short shorts on his website featuring the letters "S3XY" on the back which represent the names of... Read More

July 2, 2020

To the moon Alice. Tesla (TSLA) is soaring 7% to new highs after reporting strong vehicle deliveries for the second quarter. Tesla's stock has tripled so far this year bringing the market cap to over $200 billion, now the most valuable auto company surpassing Toyota and triple the combined value of Ford and GM. Wedbush upgraded the stock with a $1250 price target with a bull case of $2000 a share. Amazing times.  Read More

July 1, 2020

Online shopping lending support to FedEx (FDX). The delivery stock is up 12% to a four-month high following better than expected earnings. Adjusted for one-time items, FedEx earned $663 million, or $2.53 a share verse estimates of $1.58 a share. Sales came in at $17.4 billion down slightly year... Read More

June 30, 2020

Chip stocks look good. Micron (MU) is up 6% following better than expected earnings thanks to strong demand from data centers. Chip maker, Xilinx (XLNX) is up 6% after raising guidance. The stock was upgraded as well. At least one sector is working. Read More

June 29, 2020

Boeing (BA) lending support to the markets. Boeing is up 6% after the FAA regulators will allow the 737 MAX aircraft to begin test flights as early as this week. The 737 Max has been grounded for the past 15 months following two fatal crashes in late 2018... Read More

June 26, 2020

Gap (GPS) confirms retail partnership with Kanye West. Gap is jumping 30% as a multi-industry creative entrepreneur, Kanye West is poised to bring his YEEZY brand to millions of customers around the world through a partnership with the Gap brands. The YEEZY Gap line is expected to... Read More

June 25, 2020

  The big banks look strong. JP Morgan Chase (JPM) is up 3% as FDIC aims to ease restrictions from the Volcker Rule to give banks more flexibility. The banks should have the results of their annual stress test soon. They are going through a real life stress test... 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.