Diamonds and Dogs
Something about market tops cause mergers and acquisitions. Kraft Heinz (KHC) is up 7% while Unilever (UL) is up 10% after news broke that Kraft is attempting to buy Unilever in a $143 billion deal that would create a global food leader that sells products including cheese, lunch meats, spreads and snacks. The deal was rejected by Unilever, but shareholders still think the deal has a chance.
It's never good for business to get suited by the Federal Government. Shares of UnitedHealth Group (UNH) are down 3% leading the Dow lower after the Department of Justice joined a whistleblower's lawsuit against the health care giant for overcharging Medicare.
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.