Diamonds and Dogs

6/5/18

Twitter (TWTR) is acting a lot more like Facebook, in a good way. The online chat website is up 5% today and up over 100% in the last year to a three year high on news it is getting added to the S&P 500. Similar to Facebook when it came public, Twitter is figuring out a way to monetize their chat website. The stock is not cheap, but neither is Facebook.

Starbucks (SBUX) is down 2% not far from a 52 week low on news Howard Schultz's will step down as Chairman and leave the company. Shultz became CEO of Starbucks in 1982 with four branches in the Seattle area. In less than two decades, Starbucks had a presence on all continents, with 3,501 total stores and $2 billion in revenue. Now people want him to run for President. We'll see.

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