Diamonds and Dogs

August 17, 2022

The meme stocks are back. Retailer, Bed Bath & Beyond (BBBY) is up 22% today and more than tripled this month as Internet investors reinvigorate a wave of meme stock buying, stands in the face of Wall Street banks sounding the alarm on the stock's lofty valuations. The average... Read More

August 16, 2022

Two blue chips, Walmart (WMT) and Home Depot (HD) higher following earnings. The stocks are up 5% and 4% respectively helping ease fears of a recession in the short term as consumer spending rebounded this summer. However, inflation and supply chain issues persist. ZipRecruiter (ZIP) takes a hit on... Read More

August 15, 2022

Disney (DIS) higher on private equity interest. Disney is up 2% as Dan Loeb at Third Point bought a stake in the stock and wrote a letter to the company to improve shareholder value by not reinstating the dividend, paying down debt, buying back stock and possibly spinning of... Read More

August 12, 2022

Toast (Tost) smells good. The payment solution provider for restaurants reported strong earnings as consumers continued to eat out despite high inflation. Two upgrades from KeyBanc and JP Morgan Chase with price targets of $25 and $21 a share. Not bad Illumina (ILMN) having a tough day. The gene-sequencing company... Read More

August 10, 2022

Trade Desk (TTD) jumping on earnings. The cloud based digital advertiser is up 34% on in line earnings as sales rose 34.6% to $376.96 million. Trade Desk provided upside guidance many of the world's leading brands are signing major new long-term contracts. That's good news for the other advertisers. Video... Read More

August 9, 2022

Lemonade (LMND) anyone? The online insurance technology company is jumping 12% following earnings as sales rose 77.3% to $50 million. The company has spent aggressively in recent years to grow its insurance business and disrupt the incumbents, but now will slow spending looking to get into profitability and won't... Read More

August 8, 2022

Clean energy stocks jump on Climate Clean Energy bill. First Solar (FSLR) is up 10% on an upgrade at Guggenheim to a buy as the analyst said the company is poised to benefit from Senate -passed Inflation Reduction Act to move more toward clean energy. Nvidia (NVDA) lowers guidance.... Read More

August 5, 2022

iRobot (IRBT) jumps on buyout offer. iRobot is up 19% after agreeing to be acquired by for $1.7 billion, including debt. The deal works out at $61 a share and is about a 22% premium to iRobot's closing price on Thursday. iRobot is the maker of the Roomba... Read More

August 4, 2022

Coinbase (COIN) jumps 25% on partnership with Blackrock. BlackRock announced the deal with Coinbase this morning to offer Bitcoin trading services to institutional clients, a ringing endorsement for the embattled crypto exchange. Even with today's jump, the stock is still down 60% for the year. Booking Holdings (BkNG) down 2%... Read More

August 3, 2022

CVS Health (CVS) higher following earnings. The largest US pharmacy chain is up 6% as they beat earnings estimates as rising sales of over-the-counter Covid-19 tests helped its drugstore chain withstand fading demand for vaccines and laboratory diagnostics. Match (MTCH) not doing so well. The online dating website... Read More

August 2, 2022

Uber (UBER) jumps on earnings. The tide-hailing giant is up 15% to a three month high even though the company reported a large quarterly loss. Sales jumped 105% to $8.1 billion, easily topping estimates for $7.4 billion. The best news was the company became cash-flow positive for the first... Read More

July 29, 2022

Amazon (AMZN) having a good day. Amazon is up 11% today and up over 30% from the June lows following earnings. Earnings were actually not great, reporting a quarterly loss as sales rose 7% year over year to $121.23 billion, ahead of estimates. Their best department, Amazon Web Services... Read More

July 28, 2022

Ford (F) having a good day. Ford Motor is up 5% to a two month high following strong earnings as sales rose 38% to $36.8 billion. Ford is hiking their dividend 50% to 15 cents a quarter, ending the quarter with $29 billion in cash. Ford also introduced a F-150... Read More

July 27, 2022

Microsoft (MSFT) lifting all the major averages. Microsoft is up 5% following lackluster earnings. The reason for the bump is guidance and rosy forecasts for 2023 for Microsoft's public cloud business called, Azure. Azure reported 46% growth with 33% growth for both commercial bookings and the company's overall cloud... Read More

July 26, 2022

GE (GE) pops on earnings. Industrial conglomerate is jumping 5% on "standout" results driven by the Aerospace department. General Electric affirmed its earning guidance for the full year, but lowered its 2022 free cash flow outlook by $1 billion due to pressures on working capital. For once shareholders are looking... Read More

July 25, 2022

Good news, the CEO is fired. World Wrestling Entertainment (WWE) is up 8% near a three year high as long-standing CEO, Vince McMahon steps down amid alleged sexual harassment probe. The company did provide upbeat third-quarter sales outlook, received an upgrade and is up over 40% year... Read More

July 22, 2022

American Express (AXP) does not see a recession. The credit card giant is up 3% as earnings beat by 16 cents as revenues rose 30% to $13.4 billion. Business remains strong for AXP as the CEO said he doesn't see a recession. American Express actually raised forecasts... Read More

July 21, 2022

Tesla (TSLA) jumps 10% following earnings as their CEO and founder vacations on a yacht in Greece. Tesla easily beat estimates as they reaffirm expectation to achieve 50% average annual growth in vehicle deliveries over multi-year horizon. Total deliveries of 254,695 vehicles, up 27% yr/yr. AT&T (T) remains a... Read More

July 20, 2022

Amazon (AMZN) is up 3% to a two month high following their best Prime Day week in history. Last week, Amazon members purchased 300 million items worldwide. Prime members in the US were buying more than 60,000 iteams per minute. The consumer stiil seems healthy as consumer discretionary stocks... Read More

July 19, 2022

Chips jump ahead of a $52 billion Congressional subsidy bill vote. Nvidia is up 5% as Nancy Pelosi's husband bought over $1 million worth of the chip stock ahead of the vote. I guess he knows how his wife will vote and where the money will be allocated. The draft... Read More

July 18, 2022

Goldman Sachs (GS) up 3% following strong second-quarter earnings on strength in the company's powerhouse trading businesses, as investment banking revenue declined sharply. Investment banking had a good quarter as well. Goldman views the second-quarter performance as a possible bottom in quarterly earnings for the year. Goldman has built a... Read More

July 15, 2022

UnitedHealth Group (UNH) posts second-quarter earnings beat and raised estimates for the full year. United Health is up 5% to a three-month high. United benefitted from lower premiums paid out and a benign medical cost environment. One analyst upgraded the stock with an overweight rating and a price target... Read More

July 14, 2022

At least one retailer is higher. Costco (COST) is up 3% on an upgrade. The Deutsche Bank analyst raised their price target to $579 from $525 as they see steady traffic gains and high membership renewal rates serving as key differentiators in an increasingly uncertain backdrop. The analyst believes... Read More

July 13, 2022

Twitter (TWTR) is higher as investors bet against Elon Musk. Twitter is up 8% as the company sues Musk to enforce his $44 billion buyout offer. Famed short selling firm, Hindenburg Research has built "a significant" stake in the social media company saying Twitter has a strong case and... Read More

July 12, 2022

Boeing (BA) jumps on deliveries. Boeing is up 8% after delivering 51 airplanes in June to bring its first-half tally to 216 jets, up 38% from the same period last year, company data showed on Tuesday. June's deliveries exceeded the 50 threshold for the first time since March 2019 and... Read More

July 11, 2022

One retailer had a good day, Murphy USA (MUSA) rose 4% as the mid-west motor oil retailer is having a good year. Most retailers are not. Musk says, Adios to Twitter (TWTR). Twitter is down 10% as Elon Musk has formally withdraw his offer to buy the company.... Read More

July 8, 2022

Levi Strauss (LEVI) had a good day. The retailer rose a percent after beating earnings, reaffirming guidance and hiking their dividend 20%. CFO said their brand is the strongest in decades. Let's hope it lasts. GameStop (GME) lower after CFO resigns or got fired. The electronics video... Read More

July 7, 2022

Deere (DE) jumps on an upgrade. Deere is up 5% on an upgrade at Citigroup with a buy rating. After a 30% decline in the last three months, the analysts believe the risk reward is better. Plus, higher food prices are helping boost profits for farmers at least on the... Read More

July 6, 2022

Tesla rival, Rivian (RIVN) is jumping 10% after announcing production numbers of 4,401 vehicles in the second quarter, up over 70% from the first quarter production numbers of 2,553 vehicles. Rivian also reiterated its 2022 production target of 25,000 annual vehicles. Oil is a dog for a second straight day,... Read More

July 5, 2022

Tech jumps on lower interest rates. Meta (META), the former Facebook was up 5% today as the Bank of America analyst said Meta is one of the best Internet stocks to own as recession fears are already reflected in the stock. The analyst reiterated his price target of $233. Exxon... 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.