Diamonds and Dogs
The restaurateurs have taken it on the chin so far in 2016, but Buffalo Wild Wings is flying high. The chicken wing restaurant company (BWLD) rose 5% on news private equity firm, Marcato Capital disclosed 5.1% active stake in a 13D filing. Maybe they know something we don't or are they willing to make the changes that Wall Street wants.
Industrials continue to struggle. Like many sectors, 2016 with the strong dollar has not been kind to the Industrials. In the heavily-weighted industrial sector, diversified machine names underperformed. Roper (ROP 163.33, -9.98) declined by 5.8% after missing estimates and lowering its earnings guidance for the full year. Doesn't look like the second half of the year will be any better.