Diamonds and Dogs


General Electric (GE) is flexing its muscle up 3% following better than expected earnings. GE beat by 5 cents as revenues rose 6.6% to $28.66 billion. The company also reiterated guidance for the full year. GE continues to reduce expenses to maintain and improve free cash flow of $6-7 billion while also looking to divestiture $20 billion in assets. Not all investors and analysts are convinced the worst is over. The analyst at JP Morgan remains skeptical with a price target of $10 to $11 a share.

Skechers (SKX) taking a hit following earnings. The shoe maker is down 27% to a six month low after guiding second quarter earnings and sales below consensus. Skechers said the outlook includes a likely shift in shipments from the second quarter to the latter half of the year for a handful of key accounts in the U.S. and international distributors. One analyst said the previous operational missteps coupled with lack of full-year guidance are the root cause for investors stepping away from the stock.

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.