Diamonds and Dogs

9/5/17

Need more plywood. Home Depot (HD) is up a percent as Hurricane Irma bears down on the Caribbean. Home Depot will be busy rebuilding Houston and now thanks to Hurricane Irma, Home Depot will probably be busy in Florida for the next several months. On top of that, Home Depot received an upgrade from Bank of America /Merrill with a price target of $170.

Hurricane Irma has yet to make landfall, but it's already doing damage to the cruise lines like Royal Caribbean (RCL) and Carnival (CCL) both down over 3%. The companies already had to change plans when Harvey shut down a port near Houston, and it appears investors are preparing for more disruption now in Florida. The good news is going into today, both stocks were having standout years, with Royal Caribbean surging about 44 percent and Carnival up more than 27 percent.

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.

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