Diamonds and Dogs
The 3D printing stocks are back! Stratasys (SSYS) is jumping 17% today after reporting fourth quarter results that topped estimates. The company reported a loss of 1 cent per share which compared to Wall Street's expectations of a loss of 12 cents per share. The company also beat revenue expectations by $5 million. The numbers were not great, but with the stock down 80% since the fall of 2014, it didn't take much to get the stock to rebound. In fact a lot of the most beaten up stocks are higher today including the oils.
Don't ever go food shopping while you are hungry, it never ends well. Today's rotten fruit goes to Kroger (KR). The nation's largest operator of traditional supermarkets saw its stock drop 7% following earnings. The earnings were actually good, beating earnings estimates by 3 cents a share. But revenue missed expectations and Kroger's outlook for 2016 same-store sales growth will be weaker than what they generated in 2015. 2016 same-store sales are now expect to rise 2.5 percent to 3 percent verse sales growth of 5 percent in 2015. So much for cheap oil helping the grocery store operators.
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