Diamonds and Dogs
Open Sesame. Alibaba (BABA) is a jumping 3% back above $100 a share for the first time since October after beating earnings estimates and raising 2017 revenue growth rate above 50%. Alibaba says they are driving the age of 'New Retail,' which leverages big data and innovation to provide a seamless online and offline experience for nearly half a billion mobile monthly active users. Their retail transformation will make it even easier and more efficient for brands and retailers to engage with these consumers anywhere, anytime. Watch out Amazon.
Verizon (VZ) is having its worst day in four years. Verizon is down 4% back below $50 for the first time since November following disappointing quarterly results. Verizon added fewer new customers than expected in the fourth quarter, underscoring urgency in its quest to expand into media and advertising through a planned $4.8bn acquisition of Yahoo. The largest US telecoms group by customers said it had added 591,000 postpaid, or monthly, subscribers — below analyst forecasts for 744,000, and down from 1.5m in the same period a year ago.
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.