Diamonds and Dogs
Joy today at JoyGlobal (JOY). The mining equipment manufacturer company is up 19% after agreeing to be bought out by industrial manufacturing giant, Komatsu Ltd. Good news for the industrials, but even with the buyout, the stock is still half the value it was back in 2015. The analyst at BB&T Corp. today upgraded the stock from "underweight" to a "neutral." Thanks for nothing.
No love at Southwest Airlines (LUV). Southwest is diving 11% dragging down the airlines following disappointing earnings and guidance. Add insult to injury, Southwest Airlines had a computer glitch the other day that caused major outages forcing Southwest to cancel or delay hundreds of flights.
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.