Diamonds and Dogs


Time to hit the gym and see gains there as well as in your portfolio. Lululemon Athletica (LULU) has been on a roll coaster ride the last six months as a diamond, then dog, then diamond, then dog again. Hopefully, the stock is starting a new trend as a diamond once again. The stock is jumping $6 or 10% following better than expected earnings a nickel above forecasts. Revenue climbed 17% to $704.3 million, ahead of estimates of $693.4 million. The Canadian based retail company known for their workout and yoga clothing and accessories saw its children brand, Ivivva grow sales over 28% year over year from their website. Total online business brought in $401.5 million in sales, up 25% from the previous year. Let's hope Lululemon can keep stretching higher.

They call themselves a solution company, but today they need a solution for their own stock. After dropping 50% in the last year, Verint Systems (VRNT) stock is down another 10% today to its 52 week low following earnings. The company missed earnings estimates by a wide margin last night. For 2016, analysts were expecting earnings growth of 15% with modest revenue growth. Now the company is projecting no growth in 2016 for earnings or sales. On the plus side, the company is still profitable and will authorize a repurchase program of up to $150 million common stock over the next two years. Lets hope this helps.

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.