Diamonds and Dogs


Five Below (FIVE) is up $5 in the last two days. The discount retail store is up 11% today after beating earnings estimates as revenue rose 17.6% to $200 million.  Management is excited about the holiday season, as they believe they are well-positioned to wow their customers with their compelling holiday assortment accompanied by exciting marketing plans, including their new and expanded TV campaign. Time will tell.

Workday (WDAY) may not be working so well.  The maker of human resources software is down 15% following earnings last night. The company reported a loss of 57 cents per share, 3 cents better than expectations. Revenue of $409.6 million also topped expectations in the period, but looking forward management discussed deal slippage on their conference call with a handful of large deals with multinationals getting delayed. The company also guided for 30% sub rev growth next year with sub billings growth in the mid 20s (below estimates). Good news for most company, but I guess not for Workday.

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.