Diamonds and Dogs
Medtronic (MDT) is up 3% thanks to better than expected earnings and limited damaged from Hurricane Maria. Medtronic's stock has not performed well the last several months following Hurricane Maria wiped out Puerto Rico and damaged Medtronic's' manufacturing plants. It's true the hurricane did shut down four Medtronic facilities and reduced sales by $55 million to $65 million, but the numbers were much better than the original estimates of $250 million in damage and disruption costs.
Johnson Controls (JCI) is out of control. The industrial giant is down 5% not far from a 52 week low following earnings. Johnson Controls did beat by a penny as revenue was in-line up 30% year over year, but then issued downside earnings guidance for 2018.