Diamonds and Dogs
Anadarko Petroleum (APC) thinks their stock is cheap. The Houston based oil company is up 7% this morning after announcing a $2.5 billion buyback plan of which a billion will be spent before year end. The plan will buy back roughly 10 percent of its outstanding shares. Some investors would prefer a dividend hike.
The markets are drifting lower after 10 straight up days. Chipmaker, Nvidia (NVDA) is down 4% on news rival, Advanced Micro Devices is working with Tesla to design its own custom-built self-driving car chip for Tesla's cars and other products.
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.