Diamonds and Dogs


Keeping the American people safe without anyone knowing is what our diamond of the today does best. Northrop Grumman (NOC) is soaring $9 or 5% to new all-time highs after winning a stealth bomber contract from the Air Force worth at least $60 billion and could be worth $80 over time. Northrop beat out heavy weights Lockheed Martin and Being to secure this 100 aircraft deal solidifying their role in defense aerospace. On top of that, Northrop reported better than expected earnings and raised guidance for 2016. All in all it was a great day for Northrop.

IDEXX Laboratories (IDXX) is in the dog house today dropping 10%. The company that specializes in veterinary diagnostics for livestock, poultry, and other animals including dogs reported earnings at the low end of guidance and then lowered fourth quarter numbers expecting 2-4% earnings growth instead of original guidance of 4-6% earnings growth. Projections for next year don't look much better so in the short term Idexx may remain under pressure for a while.

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.