Diamonds and Dogs


Quiet day for news, but travel services company International Ltd (CTRP) jumped 9.8% thanks to better than expected earnings. Quarterly revenue rose 75% to $836 million, driven by the acquisition of Qunar Cayman Islands Limited at the end of last year. Net income was $3.6 million, or $0.01 per ADS, but on an adjusted basis, earnings were $0.17 per ADS, topping expectations by $0.06. Ctrip also announced it is acquiring U.K.-based Skyscanner Holdings, thereby expanding its geographic diversity. The price of the acquisition was about $1.74 billion.

 Due to the holidays, and getting into the Christmas spirit, there are no dogs on Wall Street to report. Investors seem to be in the giving mood as the major averages are up over 5% for the month thanks to a surprise election and the hope of business deregulation to get the economy humming again. We'll see if December is as kind to Wall Street and shareholders.

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.