Diamonds and Dogs


Office Depot Inc. (ODP)

Office Depot is in business today, up 20.71% to $9.21. The office supply store saw its shares pop after news that Staples and Office Depot are discussing a merger. The two companies are discussing a deal that would create one major office-supply chain in the U.S. A deal would create a retail chain with more than $35 billion in revenue and thousands of stores. The FTC previously approved the merger of Office Depot and OfficeMax, the industry's second- and third-biggest chains, in 2013. Shares of Office Depot rallied over $1.50 today to a new 52-week high of $9.32 intraday.

Stratasys Ltd. (SSYS)

Stratasys is getting demolished today, down 29.07% to $56.80. The 3D printing company watched its shares crash and burn after warning that 2014 full year earnings would be lower than expected. Stratasys said Monday night that it expects to report full-year fiscal 2014 revenue in the $748-to-$750 million range, down from the $750 to $770 million range. Furthermore, the company sees an EPS of between $1.97 and $2.03, down from the original $2.25 to $2.35 per-share forecast. Shares of Stratasys fell over $23.00 today and hit a new 52-week low of $51.55.

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.