Diamonds and Dogs


Cabot Oil & Gas

The Marcellus shale gas explorer is not only the diamond of the day, but was also the best performing stock within the S&P 500 last year rallying over 100%. Cabot is up 4% today after announcing a 2 for 1 stock split and a 33% hike to their dividend. Imagine how well Cabot could do if natural gas prices actually went up. Cabot is off to a good start to be named the best performing S&P 500 stock once again.

Acme Packet

Acme Packet is blowing up like Acme Dynamite today (a reference to Road Runner). The network Infrastructure provider is down 19% following disappointing earnings and lowered sales and earnings guidance for the rest of their calendar year. The company is blaming the poor guidance on reduced spending from their top customers AT&T and Verizon. Acme's bad news may be good news for competitor Cisco Systems. Cisco is up 2% to a new recent high today.

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.