Diamonds and Dogs

September 22, 2020

Upgrade for Amazon (AMZN). Amazon is up 3% as an analyst sees Amazon increasing fulfillment capacity by 50% year-over-year through 100+ new facilities while planning to add another 100,000 workers.

Yesterday, Nikola (NKLA) was the dog. Today, its Tesla (TSLA) down 5% ahead of their "Battery Day" meeting...

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September 21, 2020

Roku (ROKU) pretty as a peacock. Roku is up 15% as they settled a dispute with Universal by adding the Peacock app to their platform, reaching households with an estimated 100 million people. Peacock provides access to more than 20,000 hours of on-demand movies and shows, as well as... Read More

September 18, 2020

U.S. Steel (X) flexing their muscles. The 119-year-old company is up 6% to a three month high after the company raised guidance. Strengthening steel fundamentals and increase production will improve earnings as management has grown confident in the recovery in North America and Europe. Apple (AAPL) trading lower. The tech... Read More

September 17, 2020

General Electric (GE) shining brightly. The 130 year old Industrial and lighting company is up 4% today after rallying 10% yesterday when management they would be cash flow positive for the second half of the year. Many of the recent IPOs can't say that. Dave & Buster's Entertainment (PLAY) down... Read More

September 16, 2020

Snowflake (SNOW) debuting as the biggest software IPO ever amid frenzied demand for cloud firms during this pandemic. Snowflake is up 100% from the IPO price which was adjusted several times in the last week. With the IPO, Snowflake has become one of the largest software... Read More

September 15, 2020

T-Mobile (TMUS) and American Tower (AMT) sign a new deal. Both stocks are up 3% as a new long-term agreement will enhance T-Mobile's access to American Tower's US sites and help expand 5G also providing long-term revenue growth and visibility for American Tower. The timing of Citigroup (C )... Read More

September 14, 2020

Merger Monday is back. Biotech, Immunomedics (IMMU) is jumping 100% after agreeing to be acquired by Gilead for $21 billion in cash. Biotech, Seattle Genetics (SGEN) is up 8% after accepting a $4.2 billion investment from Merck. America Movil (AMOV) is up 6% after selling their prepaid... Read More

September 11, 2020

Zumiez (ZUMZ) zooming higher. The hip teen retailer is up 8% following earnings. Zumiez easily beat expectations as sales rose 9.6% to $250 million. Zumiez management believes the retailer is well positioned with a majority of stores open with $300 million in cash and no debt. Peloton (PTON) back... Read More

September 10, 2020

An upgrade for Penn National Gaming (PENN) ahead of the start of the NFL season tonight. Penn National is up 8% as an analyst at Rosenblatt raised his target to $80 a share suggesting explosive growth next year as betting moves online. Oil back in the doghouse. The energy... Read More

September 9, 2020

Upgrade for FedEx (FDX). FedEx is up 2% near all time highs and up over 60% since the start of July when they reported much better than expected earnings. The shift to online consumption of more products caused ISI research to raised their FedEx price target to $300... Read More

September 8, 2020

Nikola (NKLA) gets a good deal with GM. The electric truck company with no trucks is up 35% after giving GM a 11%, or roughly $2 billion equity stake in the firm to engineer and manufacture their light-duty truck named Badger. The Badger is not expected to enter production... Read More

September 4, 2020

One chip stock bucking the trend. Broadcom (AVG) rose 3% as earnings beat expectations. Broadcom's sales rose 5% thanks to strong revenue from the cloud and telecom industry. A number of upgrades with price targets as high as $350 as one analyst believes the dividend should be hiked by... Read More

September 3, 2020

Another sign of life. Carnival Cruise (CCL) is up 6% as they plan to restart cruise operations in Italy this weekend. Carnival's Italy-based Costa Cruises is scheduled to have one of its vessels, Costa Deliziosa, depart on Sunday from Trieste, followed by other sailings this month out of Italy.  A... Read More

September 2, 2020

Signs of life. AMC Entertainment (AMC) is up 12% as the movie theater chain announces it will reopen 140 theaters or 70% of their theatres for the highly anticipated big-screen premiere of Christopher Nolan's Hollywood film, "Tenet." Profit-taking in Tesla (TSLA). After jumping 80% in three weeks and... Read More

September 1, 2020

Zoom Video (ZM) zooming higher following earnings. The stock is up 45% today and up 100% in the last three weeks as businesses flocked to the video conferencing over the last five months. Earnings easily beat expectations as sales rose 354% to $663 million. The company also raises guidance basically... Read More

August 31, 2020

Apple (AAPL) and Tesla (TSLA) split today. The broader market is lower, but Apple is up 3% and Tesla is up 9% as both split their stock 4 for 1 and 5 for 1 respectively. No fundamental reason for the rise, but investors are buying up at least... Read More

August 28, 2020

Workday (WDAY) is working. The cloud computing HR stock is up 13% to new highs following earnings. Workday beat by 18 cents as sales rose 19.6% year over year to $1.06 billion as the coronavirus has moved more corporate business online and to the cloud. One analyst upgraded the... Read More

August 27, 2020

Abbott Labs (ABT) gets good news from the FDA. The drug maker is up 6% to all-time highs as The U.S. authorizes emergency use of Abbott's rapid Covid-19 test that costs $5 and takes only 15 minutes. One analyst expects a $750 million boost to Abbott's sales while... Read More

August 26, 2020

A good week for Salesforce (CRM). The software maker is up 26% following earnings and news their stock will be added to the Dow Jones Industrial Average. Earnings jumped 118% from a year earlier while revenue climbed 29% to $5.15 billion, including the acquisition of Tableau Software. Salesforce earnings... Read More

August 25, 2020

The coffee is brewing. J.M. Smuckers (SJM) is jumping 8% to a four-month high following better than expected earnings as sales rose 10.8% to $1.97 billion. The company also raised guidance and raised their dividend last month thanks to strong sales for their Folgers coffee and their numerous pet... Read More

August 24, 2020

Inching closer to a Covid-19 vaccine. AstraZeneca (AZN) is up 2% near all-time highs as the Trump Administration could grant emergency use of their coronavirus vaccine candidate as early as October, before the Presidential election, if the coronavirus vaccine shows success after its late-stage testing. The U.S. has already... Read More

August 21, 2020

Apple (AAPL) adds a $100 billion market cap today after becoming the first US company to reach the $2 trillion mark. Apple rose 5% on no news with a 4 for 1 stock split coming in a week. The company is working on new AR/VR headsets, but really no... Read More

August 20, 2020

Intel (INTC) reinitiates share buyback. The chipmaker is up 2% after announcing a $10 billion accelerated share buyback plan after suspending the plan this spring. The new plan will buy back nearly 5% of the outstanding shares and complete a $17.6 billion plan announced last fall. Estée Lauder (EL) has... Read More

August 19, 2020

Target (TGT) is on target. Retailer Target (TGT) is up 11% after reporting a monster quarter. Profits jump 80% as same store sales set a record. E-commerce services saw dramatic growth attracting 10 million new digital customers while picking up $5 billion in market share in the first... Read More

August 18, 2020

Oracle (ORCL) up 2% as they eye TikTok. Move over Microsoft, software firm Oracle is looking into acquiring TikTok. Oracle would get almost no operational benefit from the acquisition. Instead, Oracle would look at TikTok purely as an investment. Or they may be trying to run up the price... Read More

August 17, 2020

Gold shining brightly. Barrick Gold (GOLD) is up 3% after it was disclosed Warren Buffett and Berkshire Hathaway bought 29 million shares worth $600 million during the second quarter. The commodity is up nearly 30% year to date with all the fiscal stimulus the government is throwing at the... Read More

August 14, 2020

Chip demand remains strong for Applied Materials (AMAT). The chip equipment maker is up 5% to a new high following better than expected earnings. Sales rose 23% while Applied raised guidance stating that growth should be sustained in 2021. Limited sports hurting DraftKings (DKNG). The online betting company is... Read More

August 13, 2020

3M (MMM) reports strong July sales. 3M is up 2% at a two month high as July sales rose 6% year over year led by their health care division with sales up 29%. The coronavirus has been good for at least some of 3M's businesses. Vroom (VRM) shifting down... Read More

August 12, 2020

Stock splits are the new rage. Tesla (TSLA) is jumping 13% after announcing a five for one stock split. Mathematically, splits don't matter, but Apple and Tesla have seen their stocks perform well since announcing splits.This may spur other companies to consider doing the same. There are 13 stocks... Read More

August 11, 2020

Bristol Myers (BMY) gets positive news on their lung cancer drug. The stock is up 3% to a three-month high after their cancer drug demonstrated a significant improvement in overall survival (OS) in patients with a rare but aggressive form of cancer that attacks the lining of the lungs... 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.