Diamonds and Dogs


Wells Fargo (WFC) is up 3% to a six month high thanks to upbeat comments at a Goldman Sachs conference. Wells Fargo is the poster child for what's wrong with big banks as one hand doesn't know what the other hand is doing. Even though the company continues to face fines and negative press, customers remain with the bank and now look to be doing more business with the bank that's too big to fail.

Toll Brothers (TOL) may pay a toll with the new government tax bill. Toll Brothers is down 6% to a one month low after missing earnings estimates. 2017 was a great year for Toll and the other homebuilders, but going forward the GOP tax proposals may put limits on property tax breaks and thereby hurting potential customers. Don't feel too bad for shareholders, the stock is still up 50% year to date.

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.