Diamonds and Dogs


Value stocks fight back. Grocer, Kroger (KR) is up 12% to a five month high following better than expected earnings. The company beat by 4 cents on in-line sales and reaffirmed 2018 guidance while also looking better than expected fourth quarter comps. Chief Executive Rodney McMullen said the company had its best ever Black Friday, led by record sales at Fred Meyer.

Juniper (JNPR) is in play. The networking company is down 3% after initially rallying on takeover rumors. The rumor was Nokia was preparing an offer for Juniper, a rival of Cisco Systems, but Nokia said they are not currently in talks with, nor are they preparing an offer for, Juniper Networks related to an acquisition of the whole company. Nokia and Juniper have a U.S. marketing partnership. Speculation that Nokia would buy Juniper first surfaced in 2014, but Nokia backed away from making an offer.

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.