Diamonds and Dogs


Fun fact: a gallon of water is more expensive than a gallon of gas, so do we drink oil going forward? Today's diamond, American Water Works (AWK) is up 5% today and up over 10% year to date. The water utility company has been on a steady rise since last fall up over 35% without the volatility of the broader market. The company's shares are on the rise today after the S&P 500 announced that the company will replace Consol Energy in the S&P 500 index.  At least we found one commodity stock performing well.

Today's dog is a professional at making genetically modified food, but today they can't modify red to green. Monsanto (MON) is down 8% after cutting earnings guidance again. The company cut its earnings from $5.10-$5.60 a share to $4.40-$5.10 a share due to weak commodity prices and currency fluctuations throughout 2016. On the plus side, the St. Louis-based company is hoping for a "bounce back" in growth next year with the broader launch of two key seed products, Intacta and Xtend, in North and South America. The company is also anticipating more stable currency markets going forward. Monsanto is hoping to grow their earnings by 20% between 2016-2019.

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.