Diamonds and Dogs
The Dow heading to 20,000 and chipmaker, Nvidia (NVDA) keeps powering higher up 3.5% to a new high on an upgrade. The Goldman Sachs analyst, Toshiya Hari reiterated a Buy rating with a $129 from $92 price target saying the company has a unique growth story in semis, levered to positive secular trends in gaming, VR (virtual reality), AI. Everything looks rosy for Nvidia.
General Mills (GIS) going to the dogs. The convenient store food manufacturer known for among other things making dog food is down 3% back to a 9 month low after missing earnings and sales estimates. Looking forward, the company lowered organic sales guidance to -3% to -4%, down from prior range of flat to -2%. Consensus estimates for 2017 represent sales decline of 3.5% and earnings growth of 5.5%. Nothing to get too excited about at General Mills.
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.