Diamonds and Dogs


Perrigo Co. (PRGO)

Perrigo is trading lower today, down 5.79% to $103.85. The generic pharmaceutical company saw its shares begin to dissolve after a downgrade. Goldman Sachs downgraded Perrigo from neutral to sell, citing the potential for slower growth during the next few quarters. Goldman also lowered its price target to $110; however the company traded significantly lower than Goldman's target. Perrigo is up over 13% over the past year, however has lost over 6% in the last three months. The company's shares remain well above their 52-week low of $90.18.

Best Buy Co Inc. (BBY)

Best Buy is the best buy in the S&P today, up 16.38% at $14.21. The electronics company saw its shares skyrocket after better than expect holiday sales. Best Buy had flat-same store sales for the holiday season, which was a huge surprise to analysts, many of whom felt sales would decline for the holiday season. Janney analyst, David Strasser said, "These results should put a long awaited floor on the stock and give potential buyers incremental confidence in the structural strengths." Best Buy bounced off of its 52-week low of $11.20.
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.