Diamonds and Dogs

11/21/16

The FANG stocks (Facebook, Amazon, Apple, Netflix and Google) look great today, but shares of identity theft and fraud protection services provider, LifeLock (LOCK) is the diamond up 15% after agreeing to be acquired by Symantec for $2.3 billion. The deal will create the world's largest digital safety platform, according to Symantec. Looks like the holidays came early to shareholders of LifeLock.

Chicken wings on sale. Chicken company, Tyson Foods (TSN) is dropping 15% giving up most of its gains for the year after missing earnings estimates by 20 cents while also missing revenue numbers and lowering guiding for 2017 below consensus. Revenue fell 12.8% year over year to $9.16 billion as pricing for chickens fell 10%, beef fell 7%, pork down 7% and prepared foods down 5%. So far, Tyson bought back 28 million shares of our stock or $1.7 billion. Maybe they should've waited until this earnings report. The good news is the company is increasing their quarterly dividend by 50%.

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.