Diamonds and Dogs
Someone hit the button on their table to make sure today's diamond is winning. Buffalo Wild Wings (BWLD) is known for beer, wings and sports along with the ability to change an outcome of a game with the flip of a switch in their restaurants at least in the commercials. The company's shares are winning today up $5 a share or 3.4% thanks to an analyst upgrade. Wedbush Securities upgraded the company's shares to outperform from neutral raising the price target to $200 a share. That's good news because Buffalo Wild Wing has consistently missed estimates the last five quarters and is still down 16% year over year.
The sun is not always shining everywhere especially on today's dog, SunEdison (SUNE). The stock seems to drop 25% to 50% every day inching closer to zero after trading as high as $30 a share just one year ago. The semiconductor and solar company is in "substantial risk" of bankruptcy. The SEC is currently investigating whether the company exaggerated their liquidity position last year, but the inquiry may be a moot pretty soon.
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.