Diamonds and Dogs


Time to travel and grow your worth with today's diamond. Expedia (EXPE) is jumping 9% after making a 52 week low on Tuesday following better than expected earnings guidance for 2016. The travel website firm reported lackluster fourth quarter earnings, but does expect 35% to 45% year-over-year earnings growth due in part to recent acquisitions of HomeAway (AWAY), Orbitz Worldwide (OWW) and Travelocity. Rival TripAdvisor also reported better than expected earnings so at least people are still traveling and going on vacation.

As you fly to the tropics for spring break this year, the plane you fly on might be under investigation. A double whammy for Boeing (BA) today. The stock initially dropped 3% on news the company was looking to cut costs and possibly cut jobs. Then midday the stock dropped as much as 12% on rumors of an SEC inquiry into accounting matters pertaining to Boeing's 787 Dreamliner and 747 jumbo aircrafts. The company is accused of possibly using the wrong account practices that spread the cost of the two types of planes over years. Hopefully the issue is overblown and Boeing's stock did rebound, but it also caused the Dow to drop as much as 400 points before rebounding. Another ugly day in the markets.

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.