Diamonds and Dogs
A diamond in the rough. Not many stocks up today, but Hewlett Packard (HPQ)receives the diamond of the day award up 3% following better than expected earnings and solid guidance. A good day for HP, then again the stock is down 30% year to date. HP sells for less than 10 times earnings so it's a lot more attractive than most stocks.
Dog of the day for the second straight day is… Everything. Back to back ugly days have investors fleeing to the sidelines. SolarCity (SCTY) is one of many dogs for the day after famed short seller, Jim Chanos went on TV to say he's short the stock. He should be short the market because basically everything is in the red.
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