June 11, 2021
An upgrade and buyback for Philip Morris (PM). The tobacco stock is up a percent as the company will buyback $7 billion worth of stock. The stock also received an upgrade at Piper Sandler with a $114 price target.
Biogen (BIIB) is down 3% even after an upgrade as three... Read More
June 10, 2021
Restoration Hardware (RH) surges following earnings. RH is up 14% to near all-time highs as earnings easily beat expectations as sales rose 82% to $860.79 million. Chairman and CEO Gary Friedman credited its quarterly performance to a strong housing and renovation market.
Carnival (CCL) is down 2% as their... Read More
June 9, 2021
Upgrade for Fox Corp (FOXA). Fox is up 3% after an analyst at Wells Fargo said the stock could benefit from Fox's presence in sports gambling, pointing out investments such as Credible Labs and Fox Bet as proof of the Murdoch company pivoting toward sports betting. Sports gambling is... Read More
June 8, 2021
Stitch Fix (SFIX) reports strong earnings. The online clothing delivery firm is up 12% to a three-month high following strong earnings as sales rose 44% to $535.6 million. The company raised guidance as active clients, increased by 234,000 to 4.1 million, showing new and reactivated clients returning to the... Read More
June 7, 2021
A good day for biotechs. Eli Lilly (LLY) is up 10% after Biogen's new Alzheimer's disease treatment spurred broad gains in the sector. Eli Lilly is at a record high as they may be able to revisit its decision on the filing of their Alzheimer's drug that has shown... Read More
June 4, 2021
DocuSign (DOCU) shows resilience during pandemic. The electronic-signature and document-management specialist is up 17% to a one-month high following strong earnings. Revenue jumped 58% from year-ago levels, accelerating from growth rates in recent quarters. DocuSign's subscription-based business more than pulled its weight during the period, seeing a 61% rise... Read More
June 3, 2021
General Motors (GM) is up 4% to a new 52-week high following plans to boost output at their two truck plants. GM said has done a better job than many rivals in securing semiconductors during scant supply worldwide and kept output at higher levels. The increase in production of their... Read More
June 2, 2021
Oil prices are at a 15-month high as summer driving season kick off. Oil company, Schlumberger (SLB) is up 4% to a new recent high after raising guidance and expecting oil prices to remain strong the rest of the year. From Memorial Day to Labor Day is also called... Read More
June 1, 2021
Boeing (BA) flying higher on an upgrade. Boeing is up 2% leading the Dow higher as the Cowen analyst Cai von Rumohr turned bullish on the aerospace and defense giant, citing improving air traffic and a brighter outlook regarding regulatory oversight. Von Rumohr raised his rating on Boeing to outperform,... Read More
May 28, 2021
Salesforce.com (CRM) higher following earnings. Salesforce.com is up 6% after easily beating estimates as revenues rose 22.6% to $5.96 billion with good momentum throughout their core business. Salesforce is in the process of buying Slack Technologies Inc. for $27.7 billion, an acquisition designed to fuel sales growth of more... Read More
May 27, 2021
Upgrade for Ford (F). Ford is up 6% to new recent highs following an investor event yesterday where the company outlined plans to spend $8 billion more on vehicle electrification between now and 2025. RBC analyst upgraded Ford to a Buy from Hold with a $17 target today based... Read More
May 26, 2021
Stimulus money heading to Dick's Sporting Goods (DKS). Dicks is up 16% following strong earnings as sales rose 119% to $2.92 billion. eCommerce sales increased 110% while the golfing sector outperformed. Dicks did concede uncertainty in back half of the year due to uncertainty of when normalization occurs, and... Read More
May 25, 2021
People are returning to the skies. Hawaiian Airlines (HA) is up 4% after raising their outlook citing strong demand in North America during an airline conference held today. American Airlines expects bookings to be 90% of 2019 levels this summer and match 2019 levels by Labor Day. Delta said bookings... Read More
May 24, 2021
Beyond Meat (BYND) is up 10% after receiving a double upgrade as the company works with Tesco to launch a line of frozen ready meals in the UK. Virgin Galactic (SPCE) is up 18% following a successful flight to the edge of outer space or 55.45 miles above... Read More
May 21, 2021
Deere (DE) shines. The farm machine and construction equipment company is up 2% as demand returns following the pandemic. Quarterly profits surged 169%, however Deere did mention supply-chain pressures will remain high the remainder of the year.
V.F. Corp (VFC) is down 7% following earnings. VFC missed estimate as... Read More
May 20, 2021
Children's Place (PLCE) takes off. The retailer is up 5% following strong earnings. Children's Place easily beat expectations by $3.46 as sales rose 70.8% year over year to $435.8 million. Wedbush upgraded the stock to Outperform with a 12-month price target of $150 a share.
Kohls (KSS) and BJs... Read More
May 19, 2021
Target (TGT) is on target. The retailer is up 4% to new highs following strong earnings. Sales rose 23% to $23.88 billion. Same-day services such as order pickup and drive-by pickup, which combined saw year-over-year gains of 90%. Home goods and clothing were the top selling sectors. 75% of... Read More
May 18, 2021
An upgrade for MGM Resorts (MGM). MGM is up 3% on an upgrade with a $47 price target as people flock back to Las Vegas. Also, there are rumors Amazon is persuing the purchase MGM's movie catalog that owns such brands as James Bond, Rocky and Silence... Read More
May 17, 2021
AT&T (T) and Discovery (DISCA) looking to create one of the largest global streaming players in the world. AT&T is up 3% on the news while Discovery opened 9% higher, but is paring its gains. The deal will bring together the owner of CNN, HBO and movie... Read More
May 14, 2021
DoorDash (DASH) is dashing higher. A logistics platform that connects merchants and consumers is up 19% following earnings. DoorDash lost money, but sales rose 197% to $1.08 billion. Wells Fargo upgraded the stock to $170 from $165 based on the strong results. Disney (DIS) has a streaming problem. Read More
May 13, 2021
Sonos (SONO) sounds good. The wireless speaker company is up 8% after reporting a profit and raising guidance. Sales rose 90% year over year to $332.95 million. The higher guidance impressed traders as it comes amid a global shortage of chips that go into Sonos's smart speakers and other... Read More
May 12, 2021
FuboTV (FUBO) scores. The live TV sports streaming provider is up 14% following earnings. It was the third consecutive quarter of accelerating year-over-year top-line growth since going public late last year as sales rose 135% to $119.7 million. FuboTV now has 590,430 subs on its books, 105% more than... Read More
May 11, 2021
A rebirth in golf. Callaway (ELY) is up 10% to a new high following strong earnings. Callaway easily beat expectations as sales rose 47% to $651 million. Golf equipment is seeing unprecedented demand and recovery from the pandemic faster than management expected. Callaway completed its purchase of Topgolf, which... Read More
May 10, 2021
COVID-19 vaccine sales strong for BioNTech (BNTX). The German partner for Pfizer, BioNTech is up 10% to new highs following strong earnings. Earnings easily beat expectations as sales rose a mere 7,294% to $2 billion. BioNTech is under contract for $1.8 COVID-19 vaccine doses. Full year 2021 manufacturing capacity... Read More
May 7, 2021
Expedia (EXPE) sees a return to travel. Expedia jumped 5% following lackluster earnings. Expedia beat earnings estimates as sales fell 43% to $1.25 billion. However, the summer looks strong in US and other markets with booking trends well above 2019 levels for leisure destinations.
Monster Beverage (MNST) has an... Read More
May 6, 2021
Kellogg (K) jumping 7% thanks to a strong demand for cereal. Kellogg's is working overtime to keep supplies of its most beloved cereals not named cornflakes, Froot Loops, Apple Jacks and Corn Pops, in stock as people continue to consume large quantities of food at home amidst the COVID-19 pandemic.
Profit-taking... Read More
May 5, 2021
Under Armour (UAA) up 9% following earnings and an upgrade. Under Armour easily beat expectations the other day as sales rose 39% to $1.3 billion. Under Armour is doing better with fashion athletic and athleisure while also improving markets with their sneakers. UBS upgraded the stock with a... Read More
May 4, 2021
CVS Health (CVS) blow out earnings. CVS is up 3% to new highs following strong earnings. The health-care company gave 17 million Covid shots at long-term care facilities and at its pharmacies through April. Sales in the front of the store, fell 11% year-over year due to... Read More
May 3, 2021
Upgrade for FedEx (FDX). FedEx is jumping 4% on an upgrade. The Dow Jones Transportation averages has been on a tear since the market bottom last year more than doubling and up 25% year to date. Not bad.
Tech taking it in the chin. Amazon (AMZN) is down 2%... Read More
April 30, 2021
AstraZeneca (AZN) beat estimates without much help from their Covid-19 vaccine. AstraZeneca is up 4% to a three-month high following strong earnings as sales rose 15% to $7.32 billion thanks in part to their cancer drugs and their cardiovascular and rhythm management treatments.
No more need for cleaning supplies. Clorox... 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.