Diamonds and Dogs
Warren Buffett puts Apple's stock near breakout territory. Samsung releases their new Galaxy s9 phone today, but Apple (AAPL) is stealing the show jumping 2% not far from their 52 week high on positive comments from Warren Buffett. The Oracle of Omaha said in the interview that Berkshire Hathaway has bought more Apple stock than anything else in the last year. So much for the correction. Apple's stock dropped 16% only to get most of its back in only two and a half weeks.
Dean Foods (DF) doesn't taste as good today. The stock is down 13% to a new 52 week low following its disappointing earnings and guidance. The organic food company said it earned 25 cents in the fourth quarter, on revenue of $1.93 billion. Analysts were looking for earnings of 26 cents a share on revenue of $1.96 billion. For the full year, Dean Foods sees earnings between 55 cents and 80 cents a share, below the 85-cent per-share consensus. Wells Fargo analyst John Baumgartner called it "another sizeable disappointment."