Diamonds and Dogs


UnitedHealth (UNH) is leading the Dow higher. The HMO giant is jumping 5% not far from a 52 week high following better than expected earnings.  The company beat earnings by 9 cents as revenues rose 11.6% year/year to $46.29 billion while also raising guidance for the full year. The company is still facing some headwinds, but buying out pharmacy-benefits manager Catamaran for $12 billion and merging it with their own pharmacy services unit, Optum is already paying dividends. Mizuho upgraded the stock with a $160 price target.

IBM feeling the blues. The blue chip giant beats estimates by 6 cent, beat on sales while the company reaffirmed 2016 guidance; however the stock is down 4% back to a three month low. The company's cloud, analytics, mobility and security divisions continue to demonstrate impressive growth up over 16% year to year, but overall sales remain flat. Still a work in progress.

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.