Diamonds and Dogs


Eagle Pharmaceuticals (EGRX) is soaring today up 19% following better than expected earnings. Total revenue came in at $40.9 million during the second quarter compared to $6.0 million in the second quarter of 2015. Sales of Ryanodex grew 81% quarter over quarter to $3.4 million.  Bendeka now commands 80% of a branded market and will be an important earnings driver through at least 2019. Now that the company has clarity on Bendeka and its associated cash flows through 2019, the company is issuing a $75 million share repurchase program. This stock may keep soaring.

Another tough day for the retailers. Coach and Gap are lower following earnings, but Wayfair (W) is the dog down 16% following a bigger than expected lost. The Boston based, online home furnishings company reported second-quarter loss of $48.27 million, or 57 cents per share, compared with a loss of $19.33 million, or 23 cents per share, for the same period last year. Revenue for the quarter totaled $786.93 million, up from $491.75 million for the same period last year and exceeding the $782 million consensus.  The CEO said they are achieving strong momentum across the business as Wayfair continues to take between a third and forty percent of the online dollar growth in their categories. Strong sales, but no profit, not a great long term strategy.

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.